Saudi Arabia recorded nearly 1,500 money laundering cases in 2011 involving around SR45 billion (Dh44 billion), a local newspaper reported on Tuesday.
The figure in 2011 was higher than the 1,386 money laundering cases reported in 2010 and 1,230 cases recorded in 2009, Aleqtisadiah Arabic language daily said, citing Saudi bankers at a laundering conference in Riyadh.
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