Glossary
SAMA (Saudi Central Bank)
The Saudi Central Bank supervises banks, payment firms, finance companies and insurers in Saudi Arabia and publishes rules and guides, including its AML/CTF Guide, in the SAMA Rulebook.
Why it matters for brokers and payment firms
Section 7 of the AML/CTF Guide requires risk-based, electronic, periodically tested monitoring. Securities firms in the Kingdom are supervised by the Capital Market Authority instead.