Reporting financial institutions shall identify, assess, understand, document, update and furnish their terrorist financing risks and provide their risk assessment to SAMA upon request, taking into account a broad spectrum of risk factors, including those associated with customers, countries, geographic regions, products or services, transactions, or delivery channels. Furthermore, institutions must include an evaluation of the risk posed by new products, operational practices, and technologies prior to their implementation.

The national consolidated list, associated with Security Council Resolution No. (1373), should be continuously updated through referencing the website of the Presidency of State Security (Permanent Committee for Combating Terrorism and its Financing), on a daily and an ongoing basis. Any amendments to the national consolidated list, including new additions, deletions, or modifications to data, should be promptly noted. It is essential that these updates are directly monitored through the website of the Permanent Committee for Combating Terrorism and Its Financing at the Presidency of State Security.

An assessment must be made of the quality of the procedures applied for the purposes of (1) designation/listing, (2) freezing or unfreezing, and (3) delisting, and the extent to which these procedures comply with the requirements of Security Council resolutions.