Regulatory Alerts2020-10-14
Updating the Websites of Financing Companies and Verifying their Accounts on Social Media
The Saudi Arabian Monetary Authority requires all financing companies operating in the Kingdom to continuously update their official websites, verify or remove their social media accounts, and ensure accurate location data and working hours on mapping platforms such as Google Maps. Compliance with these operational standards must be achieved within one month of the circular's issuance, accompanied by a progress report submitted to SAMA’s Communications Officer within two weeks. These measures aim to enhance customer protection and ensure the consistent delivery of high-quality financial services across digital channels.
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