Guide to Combating Financial Fraud in Banks and Financial Institutions Operating in the Kingdom of Saudi Arabia

Release Date:	1441-12-27
Release Tool:	Councils and commissions decisions
Issuance Instrument Number:	41071315
Validity:	Cancelled
Summary:	By AI Financial Fraud Prevention Guide in Banks and Financial Institutions in the Kingdom of Saudi Arabia aims to establish a framework for combating financial fraud and money laundering. The guide includes definitions and general provisions, governance structure, responsibilities of the Financial Fraud Unit, human resources and training, and awareness. It was issued based on the authorities of the Saudi Arabian Monetary Authority and reflects the need for procedures to address challenges in the banki...

Release Date:

1441-12-27

Release Tool:

Councils and commissions decisions

Issuance Instrument Number:

41071315

Validity:

Cancelled

Summary:

By AI

Financial Fraud Prevention Guide in Banks and Financial Institutions in the Kingdom of Saudi Arabia aims to establish a framework for combating financial fraud and money laundering. The guide includes definitions and general provisions, governance structure, responsibilities of the Financial Fraud Unit, human resources and training, and awareness. It was issued based on the authorities of the Saudi Arabian Monetary Authority and reflects the need for procedures to address challenges in the banki...