The Saudi Arabian Monetary Authority (SAMA) has issued a guide to combat financial fraud in banks operating in the Kingdom, which came within the system of previous instructions issued to the banking sector in the matter of combating financial fraud, and aimed at helping these institutions in setting up minimum procedures and policies to combat fraud Financial cases, to banks or their customers, and strengthening ways to reduce the risk of financial fraud. This step comes based on the powers entrusted to SAMA according to its system issued by Royal Decree No. (23) dated 5/23/1377 AH, and the Banking Control Law issued by Royal Decree No. (M / 5) dated 2/22/1386 AH, as well as based on the role of SAMA Supervisory and regulatory criticism, and keenness to protect the financial sector from being exploited in passing fraudulent operations.

According to the Financial Fraud Control Manual, banks are required to establish an administrative unit to combat financial fraud that is generally responsible for combating and addressing all issues related to financial fraud, and among its most prominent tasks: proposing the bank's strategy to combat financial fraud and assessing it periodically, and proposing policies, guides and work procedures related to combating financial fraud and the unit's tasks to ensure its efficiency, in addition to benefiting from recommendations and updates issued by international organizations and best practices related to combating financial fraud.

                since awareness is one of the main elements in the financial fraud control system, reflected by enhancing the awareness of employees and customers of the risks and methods of financial fraud and developments in this field, The Guide to Combating Financial Fraud for Banks in this regard emphasized the importance of commitment to developing awareness and education programs for clients and employees on methods of financial fraud, especially renewable ones, and to continuously measure the effectiveness and efficiency of awareness tools, as well as enhancing customers' awareness of the need to ensure the safety of their money sources, and that they Subject to accountability by the competent authorities in the event of suspicion of their sources of funds, in addition to setting the appropriate method for raising awareness for each category or classification.

The guide can be viewed through the link: