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Saudi banks applies highest international standards to protect their systems

: Sunday, August 17 - 2014 @ 09:21

Secretary general of Media & Banking Awareness Committee of Saudi Banks, Talat Hafiz said, that Saudi banks are committed to applying the highest international standards and best practices to protect their systems. Tough measures against financial fraud, money-laundering and the funding of terrorism have placed the Kingdom’s banking sector among the most advanced financial institutions worldwide, Hafiz added. “Their measures have further improved their ability to combat the operations of money-laundering and funding of terrorism, including different forms and types of financial fraud. Saudi banks are on par with foreign banks in tackling and dealing with the menace of fraud by continuing to protect their internal systems and also by continuing to make their clients aware of any new financial fraud techniques and ways of protection,” Hafiz told Arab News in an exclusive interview.

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Sunday, August 17- 2014 @ 9:21 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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