17.03.2010 - Saudi authorities to seize bank accounts raising funds unofficially
From Aawsat.com: The Saudi Interior Ministry yesterday threatened to impose automatic provisional seizure on any bank account advertised for raising funds before obtaining the approval of the relevant authorities in a preventive and organizational step to prevent funds from reaching groups that are not licensed to carry out these charity functions. Major General Mansour al-Turki, the ministry's security spokesman, told Asharq Al-Awsat that this step by his ministry is aimed at organizing the raising of contributions in legal ways and preventing the transfer of money to banking accounts that raise funds without official cover...........................................Full Article: Source
Print