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All supervisory authorities in the Kingdom, including SAMA, continued their efforts in performing periodical inspections in the area of anti-money laundering over entities under their supervision in accordance with the concept of the risk ratio standard to increase efficiency of control and supervision operations and benefit from the capabilities available in various fields to ensure the application of instructions and regulations. Dear Audience, Bearing in mind the risks posed to our economy by Money Laundering and emphasizing its supervisory and control role, SAMA issues continuous instructions and updates regulations and guidelines to cope with domestic, regional and international developments. We stress here the necessity of compliance with regulations, standards and instructions related to Anti-Money Laundering; the implementation of policies to monitor operations; and reporting Money Laundering activities to thwart any attempts aimed at abusing banks and money-changers operating in the Kingdom as channels to pass illegal transactions. Dear Audience, The positive results achieved by the Kingdom are an incentive and impetus to all of us to keep on executing development plans and work continuously to combat Money Laundering crimes, safeguarding the soundness of our national economy with all its financial and non-financial sectors against adverse impacts. The Kingdom will not hesitate to undertake all measures and means to attain the highest levels of quality and to meet International Anti-Money Laundering standards. I would like reiterate the importance of cooperation among relevant domestic, regional and international entities, intensifying efforts and exchanging technical information and expertise to detect, monitor and pinpoint Money Laundering operations.