Book traversal links for التعاقد مع شركات نقل الأموال واستخدام حقائب أمنية ذات مواصفات عالية
Contract with Money Transfer Companies and Using High-Specification Security Bags
No: 381000101035 | Date(g): 3/7/2017 | Date(h): 9/10/1438 | Status: In-Force |
Effective from 2017-07-03 - Jul 02 2017
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Referring to the letter from His Royal Highness the Crown Prince, Deputy Prime Minister, and Minister of Interior, "may God protect him," No. 225703 dated 28/08/1438 AH, regarding the recommendations from the Crime Research Center to require large companies and commercial establishments to contract with money transfer companies and to use high-specification security bags, and to Central Bank Circular No. 371000093183 dated 22/08/1437 AH based on the letter from His Royal Highness the Crown Prince, Deputy Prime Minister, and Minister of Interior, "may God protect him," No. 126563 dated 14/05/1437 AH, regarding the approval of the results of the security committee formed by the General Security, the Ministry of Finance, and the Saudi Central Bank to review and update the necessary standards and conditions and impose strict and precise controls for conducting the activity of transporting cash, precious metals, and valuable documents to require all companies operating in this field to comply with them. This includes the adoption of using containers for transporting cash, which enable automated tracking and self-destruction of cash if diverted from the proposed route, instead of the current fabric containers.
Therefore, compliance with the instructions mentioned above is required, and cash should only be transported for large companies and commercial establishments through licensed money transfer companies, using security bags approved by the Central Bank. Please note that the Central Bank will conduct field visits to ensure the implementation of these recommendations and impose penalties on violators.