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Albilad Capital enjaz
عربي

Compliance and Anti-Financial Crimes

Compliance AML and CTF
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Compliance AML and CTF
​Bank Albilad is fulfilling and adhering to Saudi Arabian Monetary Authority (SAMA) laws, including Anti-Money Laundering (AML) and combat terrorism finance (CTF) rules. And to complies with this, Bank Al Bilad has established a strong polices related to AML/CTF to secure not utilize bank’s customers and channels in any AML/CTF areas.
Similarly, the bank initiates a procedure to evaluate potential risk linked with customer, services and products, likewise the geographical areas which the bank identifies and analyze in order to grow appropriate standards.
 And for maintaining first class aspect, the Bank found an independent management to combat money laundering and terrorism financing, in which its top responsibility all cases related to combatting money laundering and terrorism financing in the bank. A management well-provided with qualified staff, high-tech tools and automated systems to monitor daily transactions in the bank to assure that the business is clear from any AML/CTF suspicious transactions and Relation.
 

“Know Your Customer” policy

​​​​​The Bank conducts due diligence procedures when establishing a new relationship by following customer identification policies and procedures in accordance with the instructions stipulated by the Saudi Central Bank, for the purpose of protecting the safety and security of the Bank. Customer due diligence procedures are implemented to reduce the risk of certain customers, and to protect against reputational, operational and legal risks, which may result in significant financial losses.

 

“Know Your Customer” policy

 
  • What the meaning of AML
  • General information about how AML 
  • How AML laws can apply on facilities and its employees. 
  • KYC Polices and how it works​
  • How to prepare an AML suspicious case
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