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Effective from Sep 30 2021 - Sep 29 2021 To view other versions open the versions tab on the right
1.
These procedures should be read in conjunction with all related regulations and instructions.
2.
These procedures represent the minimum requirements for banks to implement in terms of enhancing the monitoring and awareness aspects for employees.
3.
Existing policies, manuals, and procedures should be reviewed and updated periodically to ensure they align with the requirements set forth in these procedures and related instructions.
4.
One of the supervisory departments (Internal Audit or Compliance Department) should be assigned to conduct periodic examinations or reviews (within a maximum of two years) to verify compliance with the requirements outlined in these procedures.
