Regulation, Risk & Compliance
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Saudi Amends Requirements to Open Bank Accounts for Foreign Companies
The Saudi Arabian Monetary Authority has announced amending some articles on the requirements to open new bank accounts. This step would facilitate the procedures for opening bank accounts and other activities. SAMA required commercial banks to open accounts for e-commerce activities and expedite the process of related procedures. It also…
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Click here to read the full story: Asharq Al-Awsat