Providing Services for Issuing and Verifying Documents Electronically
| No: 41071604 | Date(g): 17/8/2020 | Date(h): 28/12/1441 | Status: In-Force |
Translated Document
Based on the powers vested in SAMA under The Saudi Arabian Monetary Authority Law issued by Royal Decree No. (23) dated 23/05/1377 H, and the Banking Control Law issued by Royal Decree No. (M/5) dated 22/02/1386 H and based on the objectives of the vision supporting the development of digital infrastructure, and due to SAMA’s keenness to develop the financial sector and keep up with the latest digital technologies. Since banks issue a number of documents upon their customers' requests, these documents include, for example, a clearance certificate, a no-objection certificate for salary transfers, and a customer account verification certificate. To facilitate business processes and contribute to transaction security, all banks should offer the service of issuing and verifying these documents electronically. It is important that these documents include elements that ensure the confidentiality of the information and the responsibility of the holder to maintain its integrity.
For your information and action accordingly, and provide SAMA with an implementation plan within one month from its date.