Book traversal links for الاشتراك في خدمة "نذير" الإلكترونية
Subscription to Natheer E-Service
No: 41059025 | Date(g): 1/6/2020 | Date(h): 10/10/1441 | Status: In-Force |
Versions (7 versions) |
Effective from Jul 30 2020 - Jul 29 2020
To view other versions open the versions tab on the right
Based on The authorities vested to SAMA under its Law issued by Royal Decree No. (23) dated 23/5/1377H. and The Banking Control Law issued by Royal Decree No. (M/5) dated 22/02/1386 H and further to the instructions of SAMA communicated pursuant to Circular No. 5365/67 dated 27/1/1441 H 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's 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 SAMA'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, 30/07/2020 G.