First: Introduction
A. Objective
These procedures aim to establish the minimum regulatory and awareness measures for branch staff and customer service employees in banks operating in the Kingdom. Compliance with these measures is required to mitigate operational risks related to dealing with banking laws and to ensure that operations are conducted in accordance with approved regulations, instructions, and authorities, thereby protecting banks and clients from potential losses.
B. Scope
These procedures apply to banks operating within the Kingdom. This is without prejudice to any other relevant regulations or guidelines, including but not limited to: Cyber Secuity Framework and the Business Continuity Management Framework.