News 24 | Central bank explains what has been raised about customer exposed to fraud

The Central Bank of Saudi Arabia released a statement on what was recently raised in some social media about a client’s exposure to financial fraud, which led the fraudster to obtain illegal financing by exploiting the personal data of the client that he has disclosed.

The bank said it immediately formed a team to verify the matter and examine its merits. It turned out that the financing authority mentioned in the section is a finance company newly licensed by the Central Bank to carry out microfinance business through financial technology.

He added that after that, the company was tasked with taking the necessary corrective measures to prevent such fraud, while the Central Bank continued to work to complete the verification on all aspects and take additional precautionary measures.

The bank stressed the need to keep data and information, and not share it with a party whose identity has not been verified, indicating that if suspicious transactions are discovered, a report should be made. submitted to the competent security authorities, and the Central Bank is notified via the SAMA platform. Link.