Penalties Re. the violation of the Law of Transporting Money, Precious Metals, and Negotiable Instruments
No: 381000063640 Date(g): 12/3/2017 | Date(h): 14/6/1438 Translated Document
Referring to the letter from the Assistant Director of Public Security for Security Affairs No. 3/3472/3 dated 10/5/1438H, which references the recommendations in the report of the committee formed by Public Security and SAMA regarding addressing violations related to the transportation of cash, precious metals, and valuable documents. The report also outlines a mechanism for handling violations by banks against cash transportation companies by reporting such violations to the operations rooms to enable field enforcement units to address them.
Accordingly, please inform the Operations Rooms of the Security Patrols about any violations committed by cash transportation companies or institutions within the bank. Upon the patrol's arrival to address the report, an original and two copies of the notification (report) should be handed over, specifying the time of the report and the time the patrol addressed the situation. This will enable the Security Patrols to document the case and initiate legal and regulatory procedures in accordance with the Law of Transporting Money, Precious Metals, and Valuable Documents, using the attached form.
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Without prejudice to the terms of use of SAMA website Hereby, you acknowledge that any illegal, unauthorized use and/or any breach of any of these provisions may result in legal actions against you.
Your access and use of SAMA Regulatory Rulebook and its content is considered as an acceptance and approval of commitment by you without any limitation or condition to the following:
SAMA Regulatory Rulebook is a platform that aims to assist the regulated entities to access SAMA regulatory content adeptly and efficiently.
SAMA Regulatory Rulebook is still on its development and soft launch stage. SAMA is not liable for its contents and does not warrant or represent that (the Services related to the platform, information or material presented in the platform) is displayed free of any inaccuracies, omissions, or errors (“Faults”). SAMA accepts no liability for any loss, claim or damage resulting from any use of the platform, and any decisions made, or actions taken based on the information contained in or generated by the platform.
SAMA Regulatory Rulebook has no legal effect and it does not aim to amend or revoke any legal provisions. The Rulebook still Contains some documents under review, including translated versions. Therefore, SAMA Regulatory content circulated through SAMA official channels remains in force.
Without prejudice to the terms of use of SAMA website Hereby, you acknowledge that any illegal, unauthorized use and/or any breach of any of these provisions may result in legal actions against you.