Regulatory Alerts2018-08-15
Added · Updated
Resuming money exchange activities for Lafi Awad Al-Harbi Exchange Establishment
The Saudi Arabian Monetary Authority has approved the resumption of money exchange activities for Lafi Awad Al-Harbi Exchange Establishment, reversing its previous temporary suspension. All banks and Category A/B exchange institutions operating in the Kingdom are directed to resume transactions with the establishment and verify its effective compliance with applicable regulatory controls. This urgent circular mandates immediate operational adjustments to align with the renewed authorization and applies across all relevant financial entities in the Kingdom.
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