a. General Framework
| No: 722200000067 | Date(g): 5/8/2019 | Date(h): 4/12/1440 | Status: In-Force |
The Whistle Blowing Policy for Financial Institutions is an approved reference for determining the financial institution’s policy frameworks to be adhered to as a minimum when receiving and processing violation reports. The general framework of this Policy is summarized by the following main points:
| a. | General obligations; |
| b. | Violation report processing unit; |
| c. | Whistle blowing cases; |
| d. | Obligations of whistle blowers; |
| e. | Obligations of financial institutions upon receiving reports; |
| f. | General obligations for protecting whistle blowers; |
| g. | Processing of reports; and |
| h. | Key performance indicators. |
Such Policy is a key element in protecting the integrity of financial institutions. It requires active support from all financial institution employees and stakeholders who must report any incidents suspected of involving violations. These employees and stakeholders must also cooperate in the investigation of such incidents, and financial institutions should encourage full cooperation by creating a reliable environment and providing maximum protection.