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2.5.6 SAMA Examination

No: م أ ق/15631 Date(g): 2/5/2012 | Date(h): 11/6/1433

Effective from Jan 31 2025 - Jan 30 2025
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SAMA may conduct the following activities:

a. Request the issuer to provide, detailed information about the transaction (e.g. primary cardholder’s identity, transactions history) upon request;

b. Interview staff at the Issuer to investigate potential compliance issues;

c. Conduct an inspection of the books and accounts of a bank, or affiliated third parties;

d. Impose penalties to any issuer who fails to observe the primary cardholder due diligence and the transaction archiving requirements.