Cancelling the Use of the Indicator of an Expatriate Worker Withdrawing or Depositing a Check or Receiving a Transfer from an entity other than their Employer
| No: 43090734 | Date(g): 30/5/2022 | Date(h): 29/10/1443 | Status: In-Force |
Translated Document
Effective from 2022-05-30 - May 29 2022
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Further to the instructions issued by SAMA, as communicated in Circular No. (42080532) dated 18/11/1442 H, Regarding the addition of "the expatriate worker withdrawing or depositing a cheque drawn on an entity other than their employer, or receiving a money transfer from an entity other than their employer" as an index of suspicious commercial concealment that must be reported to the Financial Investigation Department.
We inform you that it has been decided to terminate the use of the aforementioned index as one of the indicators of suspicious commercial concealment activities.
For your information and compliance effective from this date.