SAMA Lifts the Suspension from Salah Aldin Kaaky Institution for Money-Exchange services

8/18/2018 12:00 AM
Saudi Arabian Monetary Authority (SAMA) announced its decision to lift the suspension from Salah Aldin Kaaky institution and allow it to resume its money-exchange activity effective from 1439/12/04 corresponding to 2018/08/15. This reference is made to SAMA's announcement dated 1439/08/23 corresponding to 2018/05/09, which includes SAMA's decision to suspend money-exchange services temporarily for a number of companies including Salah Aldin Kaaki institution for money-exchange services. SAMA clarified in its statement that the decision comes in view to the institution's compliance to the technical and regulatory requirements, stressing on the same time on its decision to put this Institution under intensified follow up to verify the effective application of all relevant regulator and control requirements.
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