Regulatory Alerts2022-01-05
Circular Re. Governing Rules for Electronic Issuance and Authenticity Verification of Banking Documents
The Saudi Central Bank issued the Governing Rules for Electronic Issuance and Authenticity Verification of Banking Documents to enhance the quality and reliability of electronic banking services. The rules mandate that banks issue specified banking documents electronically in Arabic or English, ensuring technical compliance, data protection, and clear verification mechanisms. Banks are required to implement these measures starting April 1, 2022, to facilitate financial transactions and build trust in electronic documentation.
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