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Compliance Unit Principles

No: 42005223 Date(g): 15/9/2020 | Date(h): 28/1/1442 Status: In-Force

Translated Document

Effective from 2020-09-15 - Sep 14 2020
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The main principles from Principle (5) to Principle (8) detail the practices, requirements, and proper applications necessary for the compliance unit. However, the methods for implementing these principles depend on various factors such as the size of the bank, the nature and complexity of the bank's activities, its geographic scope, and the regulatory framework and instructions under which it operates.