The Saudi Arabian Monetary Authority "SAMA" announces the issuance of the compliance principles for banks operating in the Kingdom of Saudi Arabia, which will replace the compliance guide for the regulations of banks operating in the Kingdom issued in (1429 AH / 2008AD).

                The issuance of these principles comes within the efforts of SAMA aimed at promoting sound practices in banking institutions and activating the supervisory roles in them, in addition to the constant assurance that compliance policies and procedures applied are effective, and that the senior management in banking institutions has appropriate corrective procedures to address any case of failure of Commitment or deficiency. The principles of compliance for banks operating in the Kingdom of Saudi Arabia can be found by visiting the institution's website via (link).