RIYADH: Saudi Arabia’s King Abdulaziz Foundation for Research and Archives has released a movie in solidarity with the conflict in the Palestinian territories. “Palestine. A Candle that wasn’t Extinguished” was aired on all the foundation’s social media platforms this week.
AMMAN: Iraq’s Prime Minister Mustafa Al-Kadhimi on Thursday renewed directives to ministries and security leaders to commit to provide a safe environment for the country’s electoral process. Iraq is set to hold parliamentary elections on Oct. 10. During a national security ministerial council meeting, Al-Kadhimi discussed the latest security situation in the country, and said
LONDON: Many cryptocurrency firms are not meeting Britain’s anti-money laundering and counter-terrorism financing rules, the country’s financial watchdog said on Thursday, showing how some parts of the emerging sector are struggling to meet required standards.
The cryptocurrency world has been plagued through its 12-year life by lax standards on money laundering and other illicit activities.
While standards are widely seen to have improved, global regulators and policymakers have in recent months expressed concerns over the illicit use of crypto.
Since January, cryptocurrency-related firms have had to register with Britain’s Financial Conduct Authority (FCA) which oversees their compliance with UK laws designed to prevent money laundering and terrorist financing before doing business.
Dr. Saad Alrwaita has been vice president for administrative and financial affairs at Prince Sultan University (PSU), since 2003.
Alrwaita, an expert in management and government accounting, is also professor of accounting at PSU, where he is a member of the university’s board of trustees, and at King Saud University (KSU).
He is a consultant for many governmental and private organizations and is a member of various scientific, academic and research institutions.
In addition, he is an external examiner at different accounting institutions and a reviewer for several research journals.
Alrwaita received a bachelor’s degree with honors from KSU’s college of business administration in 1982. Five years later, he was granted a master’s degree in accounting from the University of Miami, Coral Gables, US.