Regulatory Alerts2018-08-13
Electronic Verification of Documents, Certificates and Instruments Approved by Riyadh Chamber
SAMA directs all Kingdom-based banks to adopt the Riyadh Chamber’s electronic authentication system for documents, certificates, and records via its E-SERVICE portal. This transition replaces the traditional security sticker method and mandates that financial institutions update their internal procedures to align with the Chamber’s introductory guide. Banks must implement these updated policies immediately to ensure seamless electronic verification across all banking operations.
Translated Document
Referring to the electronic services provided by the Riyadh Chamber for verifying and authenticating documents, certificates, and records through the E-SERVICE portal. We inform you that the Riyadh Chamber is in the process of fully transitioning to electronically authenticating documents, certificates, and records, replacing the previous authentication method (security sticker) available through the link mybusiness.chamber.sa . Accordingly, SAMA emphasizes the necessity for banks operating in the Kingdom to adopt the electronic authentication method and to develop internal procedures and policies to align with the introductory guide from the Riyadh Chamber .
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