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RIYADH, Sept. 25 (Xinhua) --Saudi Arabian Monitory Agency (SAMA) announced Monday the suspension of three money exchange companies for monitory and regulatory violations.
SAMA announced in a statement that those companies will be banned from making any money remittance and could resume operations after correcting their situations, without stating the nature of violations.
It also warned that if they fail to remove violations, further steps will be taken.
Saudi Arabia has taken strict steps to monitor the financial sector in the country as part of its war against terrorism financing and other money-related crimes.
