Book traversal links for 3-5) التأمين على النقد
5-3) Insurance on Cash
No: 361000067859 | Date(g): 25/2/2015 | Date(h): 7/5/1436 | Status: In-Force |
Translated Document
- Money exchange centers must maintain insurance with a licensed insurance provider in the Kingdom, covering operational risks such as embezzlement, theft, counterfeiting, burglary, fire, etc.
- The insurance must cover all properties belonging to the money exchange center, including cash, transferable financial instruments, foreign currencies, traveler's cheques, and bank cheques.
- The insurance coverage should be proportionate to the amount of cash held and the financial transactions conducted, including buying and selling foreign currencies, money transfers, and cash transportation.