Book traversal links for 1-7) التوظيف
7-1) Employment
No: 361000067859 | Date(g): 25/2/2015 | Date(h): 7/5/1436 | Status: In-Force |
Translated Document
The money exchange center must adhere to the instructions of SAMA, the Ministry of Labor, and other relevant supervisory and regulatory bodies regarding all regulations, instructions, and rules related to private sector employees as follows:
- Compliance with employing citizens and the requirements for contracting with recruitment service companies outlined in SAMA Circular No. 341000068320 dated 1434/06/03. This includes ensuring job localization in compliance, anti-money laundering, remittances, cash handling, and security departments, in line with royal directives and instructions from relevant entities such as the Ministry of Interior, Ministry of Labor, and the Saudi Central Bank.
- Adherence to regulations regarding working hours, vacations, and official holidays, except for money exchange centers operating within the boundaries of the Holy Mosques, which may follow specific working hours during Umrah and Hajj seasons.
- Compliance with Ministry of Labor regulations concerning labor laws and employee regulations.
- Adherence to SAMA's guidelines regarding the requirements for appointments to senior positions and criteria for employee selection.
- Provision of an organizational and job structure that includes all departments and positions, including senior positions, specifying the roles, duties, and responsibilities of each individual.
- Appointment of a manager for the money exchange center who is academically and professionally qualified, has banking experience, possesses adequate financial and administrative expertise, has a good reputation, and has not been convicted of any crime affecting honor or morals.
- Submission of a semi-annual detailed report to SAMA regarding the number of Saudi employees, the rate of job localization, and the related plan (Appendix No. 5).