The Termination of National Identity and Resident Identity

In the Name of Allah, the Most Gracious, the Most Merciful Saudi Arabian Monetary Authority (SAMA) Head Office

General Department for Finance Companies Supervision No.: ……………………………… Attachments: ………………………………

Circular

To the Esteemed,
Peace, mercy, and blessings of Allah be upon you,

Subject: Regarding the expiration of National Identity and Resident Identity and the mechanism for handling them by financial institutions.

Reference is made to the Authority's instructions communicated via email on 29/8/1441H corresponding to 20/4/2020G, concerning the expiration of National Identity and Resident Identity, and the mechanism for handling them by financial institutions.

Attached is a copy of these instructions, which must be adhered to from the date of their email dispatch.

Yours sincerely,
Badr bin Hazam Al-Otaibi
General Manager of Finance Companies Supervision

Distribution Scope:

• Finance companies operating in the Kingdom

P.O. Box 2997, Riyadh 11169 Tel: +966 11 4672070 Fax: +966 11 4672488

---

From: Finance Companies Supervision Department Sent: Wednesday, April 22, 2020 8:14 AM Subject: Circular Regarding the Expiration of National Identity and Resident Identity and Handling by Finance Companies

"Circular"

To the Esteemed Finance Companies,
Peace, mercy, and blessings of Allah be upon you,

Based on Article 7 of the Anti-Money Laundering System issued by Royal Decree No. (M/20) dated 1439/02/05H, its Executive Regulations issued by State Security Administration Decision No. (14525) dated 1439/02/19H, and Article (17) of the Executive Regulations for the Anti-Terrorism and Counter-Financing of Terrorism System issued by Council of Ministers Decision No. (288) dated 1440/05/02H, and with reference to the item regarding due diligence measures in the Anti-Money Laundering and Counter-Financing of Terrorism Manual issued by Authority Circular No. 18318/486 dated 1441/03/20H, we wish to inform you of the following:

First) The Ministry of Interior's announcement extending the validity period of the distinguished National Identity for two months in automated systems.

Second) The General Directorate of Passports' announcement to begin automatically extending the "Resident Identity" for citizens residing inside or outside the Kingdom working in the private sector of distinguished commercial and industrial establishments, from 2020/3/18G to 2020/6/30G, for an additional three months.

Given that the regulatory requirements concerning due diligence measures stipulated in the Anti-Money Laundering and Counter-Terrorism Systems, their Executive Regulations, the Anti-Money Laundering and Counter-Financing of Terrorism Manual, and other related instructions can be applied by considering the National Identity and Resident Identity as valid according to the aforementioned announcements, we kindly request you to review and take appropriate measures to implement what is stated in the aforementioned announcements.

Regards,