Book traversal links for 2.1 Criminal Risk
2.1 Criminal Risk
Effective from Apr 20 2025 - Apr 19 2025
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Historically, the single largest area of operational risk within the Saudi banks has been that associated with criminal activities. In a survey conducted by the Agency covering all the claims filed by Saudi Bank with insurers there for financial losses attributable to fraud end other criminal activities either on the part of employees or third-parties. These represent 100% of all operational losses claimed under existing insurance coverage.