Section 12: Recruitment and Following-up Criteria
| No: 18318/486 | Date(g): 17/11/2019 | Date(h): 20/3/1441 | Status: In-Force |
| The financial institution shall implement effective internal control systems that ensure the integrity of employees and reduce the risk of their involvement or collusion with criminals in order to ensure integrity and professional criteria among its employees. | |
| Article (14/1) of the Implementing Regulations of the Anti-Money Laundering Law and Article (18) of the Implementing Regulations of the Law on Combating Terrorism Crime and Financing set forth the obligations of the financial institution, which include developing adequate screening procedures to ensure high standards when hiring employees. | |
12.1 | The financial institution shall develop and implement an appropriate process for background checks for qualified candidates when hiring employees to ensure high efficiency standards. |
| 12.2 | The financial institution should verify the records of the board members, occupants of leadership positions, or employees to ensure that they have no criminal background breaching honor or integrity, whether in Saudi Arabia, the country of nationality, or the country where they have previously worked. |
| 12.3 | The financial institution shall maintain the background verification procedures applied as stated in Paragraphs (12.1) and (12.2) and submit them to SAMA upon request. |
| 12.4 | The financial institution should comply with the provisions stated in the Requirements for Appointments to Senior Positions in Financial Institutions Supervised by SAMA. |
| 12.5 | The financial institution should study its need for a job rotation policy to reduce the risk of employees circumventing internal controls. |
| 12.6 | The financial institution should ensure that employees use their leave days regularly (at least once a year) and/or according to internal policies approved by the financial institution. It should also ensure that employees do not work during leave days. |