Rules for the Implementation of Targeted Financial Sanctions

BI Item

Saudi Central Bank
No. 472035766
Date: 16/06/1447
Attachments: 22 pages

Saudi Central Bank
-SAMA
Saudi Central Bank

Gentlemen,

Greetings,

Subject: Rules for the Implementation of Targeted Financial Sanctions

Reference is made to Saudi Central Bank Circular No. 14326000013910 dated 2/6/1434 H, and Circular No. 77863000073810 dated 8/7/1434 H regarding the preparation of a guide for implementing mechanisms for the implementation of Security Council resolutions, and reference is made to Saudi Central Bank Circular No. 54107000053910 dated 9/5/1434 H, and Circular No. 77627000073910 dated 7/7/1434 H regarding the mechanism for implementing Security Council resolutions related to the prevention of proliferation of weapons of mass destruction and combating terrorism and its financing, and Circular No. 486/130885 dated 9/4/1441 H regarding the implementation of the Third Update of mechanisms for implementing Security Council resolutions related to the prevention of proliferation of weapons of mass destruction and combating terrorism and its financing, and reference is made to the telegram from the Presidency of State Security dated 5/8/1441 H regarding the update of the guide for implementing mechanisms for implementing Security Council resolutions related to the prevention of proliferation of weapons of mass destruction and combating terrorism and its financing, and reference is made to the Supreme Order No. 10130 dated 3/1/1434 H approving the mechanism for implementing Security Council resolutions issued in accordance with Chapter VII of the Charter of the United Nations related to the prevention of proliferation of weapons of mass destruction and combating terrorism and its financing.

The rules in question aim to establish the minimum level of application of the rules of Targeted Financial Sanctions, and apply to Targeted Financial Sanctions related to combating terrorism and its financing and preventing the proliferation of weapons of mass destruction and its financing. The rules replace the circulars of the Saudi Central Bank and apply to financial institutions subject to the supervision of the Saudi Central Bank. The rules must be presented to the Board of Management of the financial institution, or to the senior management of financial institutions in the form of a contribution company, and determine their responsibilities and the responsibilities of the specialized administrative units regarding them. Financial institutions can communicate with the Saudi Central Bank immediately. For any inquiries related to compliance with these rules or any cases, please contact via electronic mail (TFS-FIGD@SAMA.GOV.SA).

The rules are published on the Bank's electronic website and are effective from the date of publication.

Accept our regards,

Distribution Scope
All financial institutions supervised by the Saudi Central Bank

P.O. Box 2992 Riyadh 11169, Kingdom of Saudi Arabia Tel: +966 11 463 3000

Saleh bin Abdullah Al-Humaid
Deputy Governor for Monetary Affairs

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Rules for the Implementation of Targeted Financial Sanctions

Issue: First Issue - Jumada al-Awwal 1447 H / December 2025

Important Note:
The Saudi Central Bank emphasizes the necessity of continuous updating and amendments to keep pace with instructions issued by the Saudi Central Bank. The published version is available on its electronic website (www.sama.gov.sa).

Saudi Central Bank
Saudi Central Bank

Page Number
3

Table of Contents

Chapter One: Definitions and General Provisions

Chapter Two: Governance of the Financial Institution and Responsibilities

Chapter Three: Screening and Control Procedures

Chapter Four: Management of Sanctions Lists

Chapter Five: Handling Alerts and Escalation

Chapter Six: Freezing and Unfreezing Procedures

Chapter Seven: Record Keeping

Chapter Eight: Training and Awareness

Chapter Nine: Final Provisions

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