With reference to the Central Bank's instructions regarding the implementation of Security Council resolutions related to the non-proliferation of weapons of mass destruction and its financing and other related resolutions, the Central Bank would like to inform you of the issuance of Supreme Decree No. 10130 dated 1/3/1439 H approving the mechanism for the implementation of Security Council resolutions issued under Chapter VII of the United Nations Charter related to the non-proliferation of weapons of mass destruction and its financing.

In implementation of the mechanism related to the implementation of the above-mentioned Security Council resolutions, all financial institutions must take the following measures and report on what has been taken in this regard within a week from today:

 1- Follow up on updating the data of those listed by the United Nations on a daily basis, by referring to the website of the relevant Security Council committees at the following address: un.org/sc/suborg/ar

2- Freeze immediately and without delay (within hours) and without prior notification any accounts, relationships, financial transactions, or funds belonging to the names listed (whether individuals or entities) by the Sanctions Committee under UN Security Council Resolutions, in accordance with the information available in the lists. This includes funds, accounts, relationships, or financial transactions fully owned by the listed person or entity, jointly owned with any individual, or under their direct or indirect possession or control. It also applies to funds managed by any person on behalf of or under the direction of the listed person or entity (as stipulated in Article 3 of the mechanism). The Central Bank must be notified of the freezing immediately, with full details of the account or transaction provided. In cases of name similarities, the Central Bank must be informed before taking any action.

3- It is prohibited to make any funds available or provide investment services, brokerage, or any other type of financial services, directly or indirectly, to persons or entities listed by the Sanctions Committee or a UN Security Council Resolution, or for their benefit. This prohibition also applies to any person acting on behalf of or under the direction of the listed person or entity, or owned or controlled by that person or entity (as stipulated in Article 4).

4- Accept the deposit of funds into frozen accounts and freeze them immediately when they represent interest or profits due to the accounts, or payments owed under contracts, agreements, or obligations previously entered into, or if these funds arose before the date of the individual or entity’s listing. Notify the Central Bank of such funds without delay (as stipulated in Article 5).

5- If a name is removed by the UN Security Council Committees, the freeze must be lifted immediately (within hours) and without prior notification, unless a prior notice is issued instructing otherwise. The Central Bank must be informed of the unfreezing promptly.

6- implement effective procedures to verify all customers names (individuals, entities, ultimate beneficiaries, etc.) against those classified as "listed persons" by the United Nations. This verification must be conducted during transactions (for existing clients) or prior to account opening or relationship establishment, especially for money transfer operations. In such cases, the names of both the sender and the beneficiary must be verified.

7- Maintain an updated list in the database of entities and individuals listed on these sanctions lists for monitoring purposes.

8- Regularly monitor sanctions lists issued and available from various countries and verify all transactions and transfers against these lists to avoid any potential legal complications.

9- Provide the Central Bank with any information related to UN Security Council resolutions promptly.

10- The procedures outlined in the mechanism must be implemented without delay. Any negligence or delay will result in penalties, including those imposed on financial institutions under the supervision of the Central Bank, in accordance with applicable regulations.