Webinar recording – Review of the Subsidy Control Act
28 January 2025
This webinar covered what has worked well, how have public authorities adapted to best effect to navigate the new regime, and what is ripe for reconsideration.
Saudi Arabia, in line with its continuing commitment to improving corporate transparency and aligning with international standards on anti-money laundering (AML) and counter-terrorist financing (CTF) as well as aligning with the recommendations of the Financial Action Task Force (FATF), has implemented, as of 3 April 2025, rules in respect of the disclosure of Ultimate Beneficial Ownership ("UBO" and "UBO Rules").