Effective from Oct 11 2022 - Oct 10 2022 To view other versions open the versions tab on the right
Principle
Member Organisations should define, approve, implement and maintain a process to enable concerned employees and third parties to report potential fraud violations without the fear of negative consequences or repercussions.
Control Requirements
a.
Member Organisations should define, approve, implement and maintain a whistle blowing process across multiple channels for employees and third parties to report potential fraud violations.
b.
The process should comply with SAMA's Whistle Blowing Policy for Financial Institutions (Whistle Blowing Policy).
c.
Member Organisations should take no action against whistle blowers for any disclosures of potential fraud violations reported in good faith.
