Regulatory Alerts2021-11-25
Updating Professional Certifications in Banking, Finance and Retail Banking
The Saudi Central Bank issued this circular to mandate that employees of banks, financial institutions, transfer centers, financing companies, and exchange houses obtain specific professional certifications. To facilitate compliance, the Financial Academy has updated the educational materials for both the Retail Banking Fundamentals and Exchange & Transfer certifications, with direct access links provided. The Bank reiterates strict adherence to Circular No. 41025433, requiring all relevant staff to secure these certifications as detailed in the original directive.
E2111250913 Date: 20/04/1443 AH Corresponding to: 25/11/2021 AD
Dear Sirs, Peace, mercy, and blessings of God be upon you,
Reference is made to the Saudi Central Bank Circular No. (41025433) dated 12/04/1441 AH (enclosed), which mandates that employees of banks, financial institutions, their transfer centers, financing companies, and exchange houses obtain professional certifications as detailed in the Circular.
Accordingly, we inform you that the Financial Academy has updated the educational material for the Professional Certification in Retail Banking Fundamentals, and the educational material for the Professional Certification in Exchange and Transfer. The educational contents can be accessed via the following:
- Retail Banking Fundamentals: (Oct3_retail_banking.pdf (sa.gov.sa
- Exchange and Transfer: (Oct31_Exchange.pdf (sa.gov.sa
The Saudi Central Bank further emphasizes the necessity of complying with the aforementioned Circular and ensuring that employees of banks, financial institutions, and their financial transfer centers obtain the required professional certifications.
For your information.
Yours sincerely,
Abdullah Sharzad Alanazi; Banking Business Policy Division Manager Banking Policy Department Head Office Saudi Central Bank
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