Banking operations are regulated activities in the Kingdom of Saudi Arabia, as outlined in the Rules Governing Money Changing Business issued by the Minister of Finance Decision No. 1375 dated 01/05/1432H, based on the esteemed Council of Ministers Decision No. (1012) dated 12-13/07/1394H. These rules require money exchange centers to obtain a license from SAMA to conduct exchange activities according to Article Nine of these rules, which only permits the buying and selling of foreign currencies, traveler's cheques, and bank cheques (Category A and B money exchange centers). Additionally, transferring money within and outside the Kingdom is allowed only for those with a license from SAMA at the time of the issuance of the Minister of Finance Decision No. 1375 dated 01/05/1432H (Category A money exchange centers). The rules prohibit money exchange centers from accepting deposits, and the Banking Control Law prohibits non-banking entities from engaging in banking activities. This guide complements previously issued instructions and rules, including those from the Minister of Finance and SAMA, as well as Rules Governing Anti-Money Laundering & Combating Terrorist Financing.