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| No: 596/1 |
The Company and all Insurance and Reinsurance Services Providers, in accordance with all rules and regulations issued by SAMA to that effect, shall:
| 1. | Adopt an internal policy and procedures to combat economic crimes including money laundering. | |
| 2. | Apply “Know Your Customer” standards. | |
| 3. | Notify the Financial Intelligence Unit (FIU) in writing of any suspected transactions, in accordance with the designated form designed by SAMA with a copy submitted to SAMA. | |
