Regulatory Alerts2019-05-13
Adherence to Regulations and Instructions on Cash Movement and Security Safety
The Saudi Central Bank reiterates mandatory compliance with all existing regulations, instructions, and the Security Safety Guide governing cash movement and vehicle specifications for transporting cash and high-value items exceeding SAR 200,000. The directive explicitly warns that any individual proven to transport or receive funds through unauthorized channels will be subject to strict regulatory penalties. All exchange centers operating within the Kingdom are directed to immediately review and adhere to these established security and operational requirements.
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