Therefore, the Capital Market Authority has established anti-money laundering rules on the 27th of January 2003. A team of CMA experts had reviewed the most updated anti-money laundering rules and regulations issued by similar foreign supervisory authorities, they also reviewed anti-money laundering standards issued by international organizations such as Financial Action Task Force “FATF” , The International Organization of Securities Commissions “IOSCO” , and the World Bank. The main purpose of reviewing these rules, regulations, and standards was to issue highly efficient anti-money laundering rules for securities companies.