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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

SAMA Updates Regulations of Temporary Precautionary Procedures to Protect Bank Clients from Financial Fraud

SAMA Saudi Central Bank Saudi Press Agency
A general view of Riyadh city, Saudi Arabia, February 20, 2022. (Reuters)

The Saudi Central Bank (SAMA) announced on Tuesday it was updating the regulations of the temporary precautionary procedures to protect bank clients from financial fraud, reported the Saudi Press Agency (SPA).

Banks were informed of these procedures on April 7, upon assessments and follow ups that had been made in recent days.

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