PENALTIES FOR THE CRIME OF MONEY LAUNDERING IN THE KINGDOM OF SAUDI ARABIA

Money laundering is one of the practices harmful to international trade, and it is one of the economic crimes associated with organized crime that has developed with technological development.The crime of money laundering is committed by ordinary and legal persons , Therefore, this research article aims to identify the penalties for the money laundering crime committed by ordinary persons in the Kingdom of Saudi Arabia and the competent court for that.The study followed the descriptive approach and comparative analysis,The most important recommendations are the necessity of allocating a competent court in the Kingdom of Saudi Arabia to consider cases of money laundering crime.