The Ministry of Commerce, in cooperation with the General Department of Financial Intelligence (SAFIU) and the Permanent Committee for Combating Terrorism and Its Financing, organized today, Wednesday, 26 November 2025, a virtual workshop targeting practitioners in the precious metals and gemstones sector in the Riyadh region.
The workshop addressed two main topics: mechanisms for reporting suspicious transactions, and the implementation of targeted financial sanctions related to terrorist financing.
The first topic covered mechanisms for improving the quality of reporting suspicious transactions in the precious metals and gemstones sector, and the process of registering on the (Taqassi) platform.
The second topic focused on enhancing the awareness of workers in the precious metals and gemstones sector regarding the requirements for implementing financial sanctions related to terrorist financing.
A number of institutions, companies, and specialists in the precious metals activity in the region participated in the workshop.
This initiative comes as part of a series of efforts by the Ministry of Commerce aimed at strengthening the private sector’s awareness of regulatory updates, and raising the level of compliance with the requirements of Anti–Money Laundering, Counter-Terrorism Financing, and Counter-Proliferation Financing.
