In a bid to curb commercial cover-up, the authorities in Saudi Arabia have slapped a heavy fine and ordered deportation of an expatriate caught running an unlicensed cooling business under the name of a Saudi citizen, violating the country’s Anti-Concealment Law.
Investigations established that the Saudi sponsor was aware of his facilitation of the foreigner’s operation of business ventures without due license. Consequently, the sponsor was also docked and will be taken to court on further charges. The case presents an example of the government’s zero tolerance policy toward illegal business and its seriousness to regulate commercial practices.
The Ministry of Commerce reiterated its warning to citizens and expatriates against engaging in cover-up businesses, saying violators will face severe penalties, including fines, deportation, and business closures. The public is also encouraged to report any suspicious activities to authorities.
Saudi Arabia has been amping up efforts to eliminate commercial cover-ups within its broader scope of economic reforms. The crackdown has been aimed to ensure a fair business environment across the Kingdom by preventing financial crimes and illegal commercial activities.
