Article 17: Requirements for Information Security and Combating Financial Crimes
Date(g): 1/12/2021 | Date(h): 26/4/1443
Status: In-Force
Effective from Dec 01 2021 - Nov 30 2021 To view other versions open the versions tab on the right
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The Debt-Based Crowdfunding Company shall comply with the information security requirements and the relevant laws, regulations and instructions issued by SAMA.
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The Debt-Based Crowdfunding Company shall comply with the legal requirements contained in the Anti-Money Laundering Law, Combating Terrorism Crimes and their Financing Law, their Implementing Regulations, and the relevant rules and guidelines as specified by SAMA, in a manner that is consistent with the nature and size of the Company’s activity and risks it may be exposed to. The Debt-Based Crowdfunding Company shall also comply with the requirements and instructions issued by SAMA on financial crimes and fraud.
