Alqanoni

Law of Payments and Payment Services

Art. 15
Status unknownSaudi ArabiaRegulation

Issued by Ministry of Investment (misa.gov.sa)

1. Inspectors appointed pursuant to a decision by SAMA’s Governor shall be in charge of overseeing and inspecting as well as detecting and reporting violations of this Law and its regulations. The inspectors may access records, receive complaints, question the employees of the persons subject to this Law, and obtain necessary information. To this end, they shall be deemed Law of Payments and Payment Services preliminary investigation officers. 2. Inspectors shall not be prevented from carrying out the duties set out in this Article; persons subject to inspection shall cooperate with the inspectors and facilitate the performance of their duties.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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