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SAMA Regulatory Rulebook has no legal effect and it does not aim to amend or revoke any legal provisions. The Rulebook still Contains some documents under review, including translated versions. Therefore, SAMA Regulatory content circulated through SAMA official channels remains in force.
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Effective from Jun 13 2023 - Jun 12 2023 To view other versions open the versions tab on the right
(1)
The Licensee must comply with the laws, regulations, resolutions and instructions issued in relation to the Anti-Money Laundering, Counter-terrorism Crimes and Financing and the internal policies issued in this regard.
(2)
The Licensee must adopt a risk-based approach in developing its Anti-money laundering and counter-terrorist financing internal policies and procedures to ensure that measures used to mitigate the risks of money laundering and terrorist financing are commensurate to the risks identified.
