The first of its kind
project is the brainchild of the Finance Ministry, the Saudi Arabian Monetary
Agency and other relevant bodies.
It aims to control the
transfers as authorities detected that thousands of foreign workers transfer
amounts that exceed their incomes. These incomes might be the result of
concealed, even criminal, actions, said sources.
They said the new
regulation, now under consideration, will be launched soon and will contribute
to limiting labor market irregularities and violations that increase the
illegal income of expatriates.
Any income obtained by
foreign workers will be linked with banks, without exception, through a unified
network.
Sorce: Arab News
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