Based on Article 31 of the Rules Regulating Money Changing Business, issued by the Minister of Finance's Decision No. 4686, dated 21/11/1441H, which states that the Money Changer must provide SAMA, upon its request and at the times it specifies, with data or reports, and Paragraph (b) of Article 14 of the Rules Regulating Money Changing Business, which states that SAMA may issue any instructions it deems necessary to implement the supervision and control requirements for Money Changing Business, and further to Circular No. 42011183, dated 26/02/1442H, regarding the update of the employee data collection form for money exchange centers, and Circular No. 42032575, dated 15/05/1442H, regarding the update of the financial statement comparison form.

Accordingly, we inform you of the update to the monthly, quarterly, and annual supervisory data templates for money exchange centers. We attach electronic copies along with the approved instructions, with the following requirements:

First: The supervisory data templates must be completed as required and submitted periodically through the Returns Management System (RMS) portal (rms.sama.gov.sa/SAMARMSPortal/Default.aspx)*.

Second: The money exchange center must complete all the required data in the monthly, quarterly, and annual supervisory data templates before submitting them electronically and ensure the accuracy of all data according to the “Validation rules,” as follows:

1. Provide SAMA with the monthly sales and purchases data template within 5 days of the end of the month.
2. Provide SAMA with the quarterly currencies, major customer data, counterfeit currency data, and employee data templates within 15 days of the end of the quarter.
3. Provide SAMA with the quarterly financial statement comparison template within 35 days of the end of the quarter.
4. Provide SAMA with the annual financial statement comparison template within 65 days of the end of the year.
5. Provide SAMA with the annual regulatory data template within 30 days of the end of the year.

Third: This circular will take effect from the third quarter of 2022.

SAMA emphasizes the need to comply with the above-mentioned update and submit the supervisory data templates within the specified times and methods. SAMA will take all necessary legal actions against money exchange centers that fail to comply with this circular.

*To read the guidance manual for the Returns Management System, click here.