Regulatory Alerts2018-05-14
Compliance Reports Items - 2018
The Saudi Arabian Monetary Authority (SAMA) has issued a circular updating the required items for banks' annual compliance reports under Principle 7 of its Compliance Manual. Banks operating in the Kingdom must submit their updated annual compliance reports by the end of April each Gregorian year, alongside an electronic copy to AML-CTF@SAMA.GOV.SA. This directive supersedes previous circulars and mandates adherence to the revised minimum requirements effective for the 2018 reporting cycle.
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