Fifth: General Provisions
| No: 42063179 | Date(g): 17/4/2021 | Date(h): 6/9/1442 | Status: In-Force |
Translated Document
Effective from Sep 30 2021 - Sep 29 2021
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| 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. |