Based on Article Thirty-One of the rules regulating money changing business issued by Ministerial Decision No. 4686 dated 21/11/1441 H, which states that the money changer must provide SAMA upon its request and at the times it specifies, with data or reports, and Paragraph (B) of Article Fourteen of the same regulations, which grants SAMA the authority to issue any instructions it deems necessary to implement the supervision and control requirements for Money Changing Business:

Therefore, we inform you of the update to the Financial Statements Comparison Template* to be provided to SAMA periodically via email starting from the fourth quarter of 2020, as follows: **
 

1. Provide SAMA with the quarterly financial statement comparison template within 35 days of the end of the quarter.
2. Provide SAMA with the annual financial statement comparison template within 65 days of the end of the year.

The template will be sent to you via email and SAMA emphasizes the need to adhere to the above update, noting that the bank will take all legal measures against money changers that violate the provisions of this circular.   

 * The template has been updated in accordance with Circular No. (44006369), dated 25/01/1444 H, corresponding to 22/08/2022 G.

 ** Please review Circular No. (44006369) dated 25/01/1444 H, corresponding to 22/08/2022 G, regarding the update of supervisory data templates for money changers and their submission through the (RMS) system.