Based on The provision of clause (3) of paragraph (a) of Article Twenty-Nine of the rules regulating money changing business issued by the Minister of Finance's Resolution No. (4686) dated 21/11/1441 H, which states: "The Money Changer must provide SAMA with periodical data that have information on the Money Changer’s business, including, but not limited to, the following: 3- a list containing staff data."

Accordingly, we inform you that the employee data collection form has been updated*, and it must be submitted to SAMA on a quarterly basis within fifteen days from the end of the quarter, starting from the fourth quarter of 2020. The updated form will be provided to you via email.**

SAMA emphasizes the importance of complying with the above-mentioned update, noting that SAMA will take all regulatory measures against money changers that violate the provisions of this circular.
 

 *  The form was updated pursuant to Circular No. (44006369), dated 25/01/1444 H, corresponding to 22/08/2022.  

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