Regulatory Alerts2025-12-07
Rules for the Implementation of Targeted Financial Sanctions
The Saudi Central Bank (SAMA) has issued the Rules for the Implementation of Targeted Financial Sanctions to establish mandatory minimum obligations for supervised financial institutions concerning counter-terrorism and non-proliferation measures. The Rules replace previous circulars, require financial institutions to present the framework to their boards while clearly delineating responsibilities for senior management and administrative units, and mandate prompt electronic reporting of compliance matters. Effective upon publication on SAMA’s official website, the framework governs sanctions list management, alert escalation, freezing and unfreezing procedures, record keeping, and ongoing staff training.
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