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Exchange of Information

No: GDFCC-381000103246-1438H Date(g): 13/7/2017 | Date(h): 19/10/1438

Effective from 2018-01-09 - Jan 08 2018
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17- The Finance Company shall, using the form attached hereto, inform SAMA of any fraud incidents within 10 business days from closing the investigation.

18- Without prejudice to any other regulations or instructions on the confidentiality of consumer information and transactions, Finance Companies may enhance cooperation mechanisms among them to exchange information on fraud incidents. SAMA’s non-objection shall be required for any agreed cooperation mechanism.