Book traversal links for حظر التعامل مع مندوبي شركات ومؤسسات الحراسة الأمنية المدنية الخاصة ونقل النقود غير السعوديين
Prohibition on Dealing with Representatives of Private Security Companies and Money Transport Firms that are Non-Saudis
No: 381000026439 | Date(g): 7/12/2016 | Date(h): 8/3/1438 | Status: In-Force |
Translated Document
Effective from 2016-12-07 - Dec 06 2016
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Given the information available regarding certain representatives of private security companies and money transport firms who are non-Saudis negotiating with local banks and financial institutions when seeking to provide security services or money transport.
The central bank emphasizes to all banks and financial institutions the importance of not engaging or negotiating with any non-Saudi representative of these companies and institutions. They must also inform the relevant authority in the region about the company or institution employing the non-Saudi representative to take the necessary legal actions against them. Furthermore, the central bank reiterates the importance of full compliance with its issued directives regarding compliance with The Law of Private Security Services and its Executive Regulations, as well as The Law of Transporting Money, Precious Metals, and Negotiable Instruments and its Executive Regulations.