Riyad Bank is committed to comply with current laws and regulations by effectively managing its compliance risk through communication, providing advice, recommendations whilst strengthening risk based non-compliance prevention. Management holds itself to high standards of ethics and conduct at all times while carrying out banking business and activities complying with applicable guidelines, law and regulations.
The Bank also complies with applicable standards of Anti-Money Laundering (AML) and Combating Terrorist Financing (CTF) practices in all markets and jurisdictions in which it operates.
Riyad Bank AML/CTF/KYC Overview
Riyad Bank AML Wolfsberg- Questionnaire
Riyad Bank actively participates to comply with the Saudi Arabian Monetary Agency (SAMA) and the local authorities’ rules and regulations to meet the objectives of Foreign Account Tax Compliance Act (FATCA), a US Department of Treasury regulation that will affect the banking industry globally.
FATCA came into effect on 1 July 2014 and Riyad Bank is committed to comply with this regulation as instructed by the local competent authorities and will therefore report information about US accounts as instructed.
Frequently Asked Questions [Individuals]
Frequently Asked Questions [Entities]
USA PATRIOT Act
Pursuant to the USA PATRIOT Act "Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act”, Riyad Bank has prepared a Global Certification for use by any financial institution that requires a PATRIOT Act Certification from.
Certificate of Riyad Bank PATRIOT Act