BC/94
| No: BC/94 | Date(g): 6/4/1980 | Date(h): 21/5/1400 |
Effective from 1980-04-05 - Apr 04 1980
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Reference to Saudi Central Bank Circulars No. BC/204 dated 16/4/1398 H, No. BC/35 dated 26/1/1399 H and No. BC/52 dated 19/3/1400 H, regarding the careful examination of checks before cashing and the need of taking all personal information about bank clients to be available to the authorities if and when needed, and the safe keeping of the bank stamps and documents.
Saudi Central Bank has received the letter of HE the Minister of Finance & National Economy No. 306/S/400 dated 13/5/1400 H requesting that banks be instructed not to print the name of any person on the check before examining his ID to avoid any form of cheating and embezzlement.
Hence, Saudi Central Bank requests you to comply with these instructions, to advice your branches accordingly and acknowledge receipt.