The Whistle Blowing Policy for Financial Institutions is an approved reference for determining the financial institution’s policy frameworks to be adhered to as a minimum when receiving and processing violation reports. The general framework of this Policy is summarized by the following main points:

Such Policy is a key element in protecting the integrity of financial institutions. It requires active support from all financial institution employees and stakeholders who must report any incidents suspected of involving violations. These employees and stakeholders must also cooperate in the investigation of such incidents, and financial institutions should encourage full cooperation by creating a reliable environment and providing maximum protection.

This Policy aims to provide the minimum controls necessary to receive and process reports so that it is easy for financial institution employees and stakeholders to report violations without being negatively affected.

The purpose of this Policy is to establish secure channels of communication between whistle blowers and financial institution units responsible for receiving and processing reports on any violations that have been committed, are being committed or are about to be committed. This is in order to combat fraud, embezzlement and corruption as well as unlawful, unethical or unprofessional conduct in financial institutions.

This document applies to financial institution employees and stakeholders regarding all actions taken to address a report on a violation committed in a financial institution supervised by SAMA.