Regulatory Alerts2026-05-31
Utilization of the Beneficial Owner Information Inquiry Service for Private Associations and Foundations
The Saudi Central Bank (SAMA) mandates all supervised financial institutions to utilize the National Center for the Non-Profit Sector's online portal to verify the beneficial owner information of private associations and foundations. Institutions must apply applicable due diligence measures and report suspicious transactions if beneficial owners are undisclosed or information is inconsistent, while adhering to personal data protection rules. Financial institutions should notify the Center via designated email and contact SAMA's General Directorate of Financial Integrity for implementation support.
Share