Skip to main content

5.4. Whistle Blowing

No: 000044021528 Date(g): 11/10/2022 | Date(h): 16/3/1444 Status: In-Force
Principle 
 
Member Organisations should define, approve, implement and maintain a process to enable concerned employees and third parties to report potential fraud violations without the fear of negative consequences or repercussions. 
 
Control Requirements 
 
a.Member Organisations should define, approve, implement and maintain a whistle blowing process across multiple channels for employees and third parties to report potential fraud violations.
 
b.The process should comply with SAMA's Whistle Blowing Policy for Financial Institutions (Whistle Blowing Policy).
 
c.Member Organisations should take no action against whistle blowers for any disclosures of potential fraud violations reported in good faith.