Based on the powers vested to SAMA under its Law issued by Royal Decree No. (23) dated 23/5/1377H, and The Banking Control Law issued by Royal Decree No. (M/5) dated 22/02/1386 H, and further to the instructions of SAMA communicated pursuant to Circular No. 5365/67 dated 27/1/1441 H regarding utilization of the electronic “Natheer” service, which enables banks to know the status of customer's data and update it by notifying them of events that occur via electronic linking with the official entity's data by providing alerts about a number of events, including:

 -The status of residents' final exit before and after crossing the border.

- The status of canceling the final exit visa after it has been issued.

- The status of Issued exit and re-entry visa and did not return.

Based on SAMA's supervisory and regulatory role in monitoring compliance with the laws and instructions related to bank accounts and remittance memberships, and considering the potential misuse of bank accounts or remittance memberships of expatriates who have left the Kingdom, which could involve financial transactions and activities that do not reflect the true beneficiary, whether for well-intentioned or fraudulent purposes, it is imperative for all banks operating in the Kingdom to adhere to using the "Natheer" electronic service. This service enables them to enforce bank account rules and related instructions as soon as the status of the expatriate account holder or remittance membership is known.

For your information and action accordingly by no later than Thursday, 30/07/2020 G.