UN Conventions and Other Agreements
United Nations Convention against Corruption: signed 9 January 2004, not ratified.
United Nations Convention against Transnational Organized Crime: signed 12 December 2000, ratified 18 January 2005.
Saudi Arabia is a founding member of the Middle East and North Africa Financial Action Task Force, established on 30 November 2004 as a voluntary regional association to combat money laundering and terrorist financing.
Saudi Arabia has no contact with Transparency International.
Government Institutions and Initiatives
Saudi Arabia has taken a leadership role in the Joint Oil Data Initiative promoted by OPEC, the International Energy Authority, and five other regional and international organizations.
Civil Society Initiatives
There are currently no anti-corruption organizations within the country.
Government procurements are governed by the Tenders Regulation and its Implementing Rules. The Regulation passed in June 2003 promises better publicity and greater transparency in the award of government contracts. Competitive bidding is required for procurements greater than SR 1 million ($267,000). Preferences given to Saudi and GCC nationals are exempted from Saudi Arabia’s new obligations resulting from joining the World Trade Organization in December 2005.
Anti Money Laundering
The Saudi Arabian Monetary Agency’s Banking Control Commission prepared the Money Laundering Law, Royal Decree No. M/39 of August 23, 2003, in compliance with international standards on Anti-Money Laundering/Combating Financing of Terrorism. SAMA established an Anti Money Laundering Unit and also required all banks to set up their own specialized units.
Corruption Perception Index
Saudi Arabia scored 4.3 on Transparency International's Corruption Perception Index 2009. The scale runs from 0 (high corruption) to 10 (no corruption). It is in the 63rd position among 180 countries ahead of Tunisia but behind Jordan. Saudi Arabia had scored 3.5 in 2008 and was ranked 80th among the 180 countries in the world, it tied with Morocco but falls behind Kuwait. In 2007, it scored 3.4 Saudi Arabia was in 79th place, just behind Morocco but ahead of Algeria and Egypt, in a field of 180 countries. In 2006 Saudi Arabia scored 3.3 and was tied with Egypt for 70th place in a field of 163 countries.