Saudi Arabia is tightening up the business licensing process. It has also mandated banks to report on accounts that carry funds disproportionate to known sources of income. — File photo

Ministerial panel set up to tackle commercial fraud

A ministerial committee established to oversee the national program to combat commercial cover-up (tasattur) and to propose solutions and initiatives to eliminate the practice. The committee will take aim at activities such as foreign nationals owning businesses in the Kingdom. While using the names of Saudi citizens, Saudi Press Agency (SPA) said on Monday. There...

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