Anti Money Laundering
Samba Financial Group is subject to, and complies with, applicable Saudi laws including Anti-Money Laundering. Samba Financial Group has adopted an AML Questionnaire and an AML statement consisting of a set of standards which set out how it identifies, mitigates and manages money laundering and terrorism financing risk.
USA Patriot Act
Pursuant to the US Patriot Act and final rules issued by the US Department of the Treasury, a US bank or a US broker-dealer in securities (a 'Covered Financial Institution') is required to obtain certain information from any 'Foreign Bank' that maintains a correspondent account with it.
As permitted by the final rules, Samba Financial Group has prepared a Global Certification for use by any financial institution that believes it requires a Patriot Act Certification.