Based on The authorities vested in the central bank under its system issued by Royal Decree No. (23) dated 23/5/1377 AH. The Banking Control System issued by Royal Decree No. (M/5) dated 1 AH and in continuation to the instructions of the central bank communicated pursuant to Circular No. 5365/67 dated 27/1/1441 AH Regarding urging all banks and financial institutions operating in the Kingdom to utilize the "Nazeer" electronic service, which enables them to know the status of customer data and update it by notifying them of events that occur via electronic linkage with the official body's data by providing alerts about a number of events, including:

 -  The status of residents' final exit before and after crossing the border.

- The status of canceling the final exit visa after it has been issued.

- The status of Issued exit and re-entry visa and did not return.

In line with the central bank's supervisory and regulatory role in monitoring compliance with the systems and instructions related to bank accounts and remittance memberships, and considering the potential misuse of bank accounts or remittance memberships of expatriates who have left the Kingdom, which could involve financial transactions and activities that do not reflect the true beneficiary, whether for well-intentioned or fraudulent purposes, it is imperative for all banks and financial institutions operating in the Kingdom to adhere to using the "Natheer" electronic service. This service enables them to enforce bank account rules and related instructions as soon as the status of the expatriate account holder or remittance membership is known.

For your information and action by no later than Thursday, 2020/7/30 AD.