"Commerce" Discusses the New Precious Metals Regulation and Anti-Money Laundering Mechanisms with Sector Traders in Two Workshops at the Jeddah Chamber

"التجارة " تناقش لائحة المعادن الثمينة الجديدة.. وآليات مكافحة غسل الأموال مع تجار القطاع في ورشتي عمل بغرفة جدة

The Ministry of Commerce, with the Jeddah Chamber, held two workshops covering recent amendments to the precious metals and gemstones regulation and anti-money laundering, terrorism financing and proliferation financing requirements for the sector. The first workshop covered technical amendments to specifications and standards, gemstone trading controls, used-jewelry display rules, currency-withdrawal controls, purchase-invoice retention periods, and requirements for precious-metals exhibitions; the second explained AML/CFT/proliferation-financing concepts, sector risks, and preventive procedures such as reporting suspicious transactions. The workshops were attended by 38 compliance officers from precious metals and gemstone businesses in Jeddah.

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