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4. Automated Reporting System

Effective from Jan 31 2025 - Jan 30 2025
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A financial institution shall establish the controls necessary to review and clearly understand the content of reports. It shall develop an automated system through which, at least, the following information can be viewed:

  1.  The channel for receiving reports; - Total number of reports; 
  2.  Total number of reports by subject; 
  3.  Number of reports processed and reports in progress; and 
  4.  Type of processing

Such automated system should be designed to generate any reports for any of the processing stages requested by SAMA.