Regulatory Alerts2017-12-06
The Comprehensive National Campaign to Track Down and Arrest Violators of Residence, Work and Border Security Systems
The Saudi Arabian Monetary Authority reiterates Circular No. 381000075863 to enforce the Comprehensive National Campaign targeting violators of residence, work, and border security systems. Financial institutions must enhance regulatory compliance, cease employing or sheltering violators, and implement measures to block service provision to both violators and their families. The Authority will conduct ongoing field inspections while urging entities to promptly report harboring, transferring, or employing violators through the dedicated hotline (999).
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