Deactivation of Point-of-Sale Terminals Tied to Frozen Bank Accounts of Juristic Persons
No: 42080025 | Date(g): 26/6/2021 | Date(h): 17/11/1442 | Status: In-Force |
Translated Document
Based on the powers vested to SAMA under the relevant regulations and instructions, and based on its supervisory and regulatory role over the financial institutions under its supervision.
I would like to inform you that banks operating in the Kingdom must disable point-of-sale devices for the frozen bank accounts of Juristic Persons, while ensuring that all accounts and transactions of Juristic Persons are frozen upon the expiration of the necessary documentation to conduct business.
For your information and action accordingly as of its date.