Article 24: Information Technology (IT) and Operational Requirements

Information Technology (IT) and Operational Requirements The Money Changer shall, at a minimum, ensure the following: a. The technology deployed comprises a set of interoperable infrastructure modules that work seamlessly and harmoniously. There must be a direct connection among the branches of the Money Changer. b. An electronic record that includes transactions is maintained and is submitted to SAMA upon request. c. Adequate measures are in place to mitigate all the risks that could arise from the deployment and use of its IT infrastructure. d. The IT infrastructure is physically and logically secure and can achieve the main goal of automation and electronically provide services in a comprehensive manner.