SAMA would like to announce its decision, taken over the past period in its exercise of powers vested therein pursuant to the 'Rules Governing Money Changing Business' issued by Minister of Finance's Decision No. (1357) dated 01/05/1432H, to suspend each of M. Mounir Halawani Sons Exchange Company, Abdulaziz Abdullah AL-Zamil & Sons Co., and Said M. A. Al-Amoudi & Partners Company from making money transfers. This decision was due to the aforementioned companies not complying with a number of regulatory and supervisory requirements. SAMA also declares that the suspension from providing money transferring services will not be lifted until it is proven that the companies have rectified the status of their respective businesses and complied fully with regulatory and supervisory requirements—and, if the Companies do not rectify their status, SAMA will undertake further regulatory measures. This decision comes as part of SAMA's keen interest in ensuring that all financial institutions implement relevant regulatory requirements.