1.1: Scope
| No: 381000063572 | Date(g): 12/3/2017 | Date(h): 14/6/1438 | Status: In-Force |
The regulations of this Guide shall apply to all operations of banks’ remittance centers and licensed remittance companies. SAMA is the supervisory authority authorized to implement and take necessary measures as it deems appropriate in regard to any violations of the regulations of this Guide, including imposing penal fees and/or implementation procedures in accordance with the provisions in force under the Banking Control Law issued by Royal Decree No. M/5 dated 22/02/1386H, and the implementation rules of the provisions of the Banking Control Law issued by Ministerial Resolution No. 3/2149 dated 14/10/1406H.