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6. SAMA's Mechanism for Verifying Financial Institutions' Commitment to Implementing and Financing Security Council Resolutions Aimed at Preventing the Spread of WMD

No: 391000077627 Date(g): 25/3/2018 | Date(h): 9/7/1439 Status: Modified

Translated Document

Financial institutions shall take all necessary measures to ensure their complete compliance with sanctions imposed on individuals or entities listed by the Security Council sanctions committees. Compliance will be verified through on-site inspections, and penalties outlined in relevant regulations will be enforced in cases of negligence or failure by financial institutions to adhere to instructions.