Section One: Definitions and General Provisions
| No: 37541/67 | Date(g): 20/2/2019 | Date(h): 15/6/1440 | Status: In-Force |
Effective from Feb 01 2019 - Jan 31 2019
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| The Regulation is issued pursuant to powers granted to Saudi Central Bank under the following laws and regulations: | ||
| a. | Charter of the Saudi Arabian Monetary Authority, issued by Royal Decree No. 23 dated 23/05/1377H; and | |
| b. | Banking Control Law, issued by Royal Decree No. M/5 dated 22/02/1386H. | |
| Banking Agents shall comply with this Regulation in addition to relative laws, regulations, and instructions, including the following: | ||
| - | Banking Control Law and its instructions; | |
| - | Anti-Money Laundering Law and its Implementing Regulations; | |
| - | Law on Terrorism Crimes and Financing and its Implementing Regulations; | |
| - | Saudi Central Bank Rules on Outsourcing, and Outsourcing Controls for Foreign Banks’ Branches Operating in Saudi Arabia; and | |
| - | Rules Governing Anti-Money Laundering and Combating Terrorist Financing issued to banks, money changers, and foreign banks’ branches operating in Saudi Arabia. | |