Saudi Arabia’s financial services sector plays a vital role in the Kingdom’s Vision 2030 Financial Sector Development Program (FSDP). The Saudi Central Bank (SAMA) enforces strict compliance requirements covering Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), Sharia governance, and international reporting obligations such as CRS/FATCA. Financial institutions must also comply with SAMA’s Cybersecurity Framework, which ensures resilience against operational and third-party risks.

Key Challenges:

  • Meeting SAMA’s evolving regulatory requirements
  • Ensuring Sharia-compliant products and governance structures
  • Mitigating cyber and fraud risks while protecting customer data
  • Maintaining audit readiness and business continuity

How RSM Can Help:

RSM Saudi Arabia provides comprehensive GRC platforms designed for the banking and finance sector. Our solutions automate compliance processes, deliver real-time risk dashboards, strengthen cyber resilience, and streamline AML/CTF monitoring, ensuring full alignment with SAMA mandates and global financial standards.

 

Ensure financial compliance and risk control with RSM’s expert GRC solutions