Breakthrough Step in Combating Financial Fraud: Financial Fraud Reporting Room Demonstrates Firm Resolve and Strength

The Attorney General, Sheikh Saud bin Abdullah Al-Mujeb, praised the decision made by the Council of Ministers to establish a Fraud Operations Room to receive and process reports of financial fraud. This initiative is part of the kingdom’s efforts to combat financial fraud crimes on both national and international levels, following the highest international standards and practices.

He emphasized that this decision represents a pioneering step in combating financial fraud crimes with firmness and strength. It aims to ensure the effectiveness and speed of procedures in receiving and processing reports of financial fraud crimes immediately, significantly reducing the risk of such crimes. Additionally, it aims to prevent fraud networks and scammers from obtaining these funds by immediately freezing the funds and returning them to their rightful owners, as well as pursuing the criminals.

He highlighted that the Fraud Operations Room is an important tool in providing enhanced criminal protection for funds and assets. The Public Prosecution will work closely with the room to initiate immediate judicial proceedings to combat fraudulent networks, track and freeze funds, return them to their owners, and pursue criminals for prosecution.