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II. Definitions

No: 722200000067 Date(g): 5/8/2019 | Date(h): 4/12/1440 Status: In-Force
 a.  SAMA: The Saudi Central Bank.

 

 

b.  Financial Institution: banks, branches of foreign banks, insurers, reinsurers, foreign insurance companies, service providers, finance companies, finance lease registration companies, and credit bureaus operating in the Kingdom of Saudi Arabia and supervised by SAMA.

 

c.  Financial Institution Employees: members of the board of directors and its committees, executives, permanent and contract employees, consultants, and employees working through a third party.
 d.  Stakeholders: anyone who has interests with the financial institution such as shareholders, creditors, customers, suppliers, and any third party.
 e.  Violation: any act, or concealment of acts, of fraud, corruption, collusion, coercion, unlawful conduct, misconduct, financial mismanagement, accounting irregularities, conflict of interest, wrongful conduct, illegal or unethical practices or other violations of any applicable laws and instructions.