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Principle 5: Protection Against Fraud and Misuse

Date(g): 5/9/2022 | Date(h): 9/2/1444

Effective from Sep 05 2022 - Sep 04 2022
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The financial institution must protect costumers’ assets against fraud and put in place technical and control systems that are highly efficient and effective to limit and detect fraud, embezzlement or misuse and take the necessary action if any incident occurs, in accordance with the relevant regulations and instructions.