Your access and use of SAMA Regulatory Rulebook and its content is considered as an acceptance and approval of commitment by you without any limitation or condition to the following:
SAMA Regulatory Rulebook is a platform that aims to assist the regulated entities to access SAMA regulatory content adeptly and efficiently.
SAMA Regulatory Rulebook is still on its development and soft launch stage. SAMA is not liable for its contents and does not warrant or represent that (the Services related to the platform, information or material presented in the platform) is displayed free of any inaccuracies, omissions, or errors (“Faults”). SAMA accepts no liability for any loss, claim or damage resulting from any use of the platform, and any decisions made, or actions taken based on the information contained in or generated by the platform.
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.
Without prejudice to the terms of use of SAMA website Hereby, you acknowledge that any illegal, unauthorized use and/or any breach of any of these provisions may result in legal actions against you.
Effective from Oct 11 2022 - Oct 10 2022 To view other versions open the versions tab on the right
Principle
Member Organisations should define and deliver a proportionate fraud awareness programme to third parties outlining expectations in respect of Counter-Fraud activity and prompt reporting of suspicious activity.
Control Requirements
a.
Third party fraud awareness requirements should be documented and agreed in contractual arrangements where applicable.
b.
Member Organisations should provide risk-based fraud awareness materials to third parties at the outset of a relationship and refresh periodically as required.
c.
Third party fraud awareness requirements should as a minimum include:
1.
The creation of a positive Counter-Fraud culture.
2.
Third party roles and responsibilities regarding fraud.
3.
Tailored messaging aligned to the fraud risks of the services provided by the third party.
4.
Reporting mechanisms available to the third party.
