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Counter-Fraud Framework (banks)

SAMA fraud risk requirements for banks

Type	Framework
Issuing authority	Saudi Central Bank (SAMA)
Framework	Financial services
Tier	Rules, controls & standards
Legal status	In force
Instrument number	000044021528 · Saudi Central Bank (SAMA)
Issued	2022-10-11
In force from	2023-06-29
Dates	No. 000044021528, 11 October 2022; effective 29 June 2023
Last verified	2026-10-20

The Saudi Central Bank (SAMA) Counter-Fraud Framework sets fraud risk management requirements for banks.

• Issued as No. 000044021528 on 11 October 2022; effective 29 June 2023.
• In force for banks.
• Finance and payment companies follow separate Counter-Fraud Fundamental Requirements (2025).

Documents

• Official source (rulebook.sama.gov.sa)

In this framework

• The Capital Market Law
• Saudi Central Bank Law
• Law of Payments and Payment Services and its Implementing Regulation
• Credit Information Law
• Banking Control Law
• Implementing Regulations of the Credit Information Law
• Payment Services Provider Regulations (2020)
• Capital Market Institutions Regulations
• SAMA Rules on Outsourcing (No. 41027017)
• Financial Consumer Protection Principles and Rules
• Cyber Resilience Fundamental Requirements (CRFR)
• Adherence to the PDPL and Data Governance Policies, Regulations and Rules (SAMA No. 43045328)
• SAMA Cyber Security Framework (CSF)
• Business Continuity Management Framework
• Counter-Fraud Fundamental Requirements (finance and payment companies)
• Enhancement of Operational Resilience to Address Quantum Computing Risks
• Oversight Framework for Payment Systems and Their Operators
• Open Banking Framework
• IT Governance Framework
• Cyber Threat Intelligence Principles
• Ethical Red Teaming Framework
• CMA Cybersecurity Guidelines for Capital Market Institutions
• Payment Services Provider Regulatory Guidelines

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