EMEA | FINANCIAL SERVICES

Saudi Central Bank (SAMA) - Saudi Arabia

The Saudi Central Bank (SAMA) is responsible for regulating commercial banks, finance companies, and other financial institutions. Its functions include promoting the growth of the financial system and ensuring its soundness.

Google Cloud’s contracts for financial institutions in Saudi Arabia address the Saudi Central Bank’s requirements. We have also created mappings for both Google Cloud and Google Workspace to help you understand how we can support you with meeting the Saudi Central Bank’s requirements and assess us as an outsourced service provider. Google Cloud is committed to addressing these requirements regardless of how financial institutions choose to use our services.

Saudi Central Bank Compliance Offerings

Learn more about the key laws, regulations, and guidelines prescribed by the Saudi Central Bank (SAMA).

SAMA Rules on Outsourcing

Learn more about the Rules on Outsourcing and how Google Cloud can help support your Saudi Central Bank compliance efforts.

The SAMA Rules on Outsourcing require that a bank’s or financial institution’s outsourcing arrangements are subject to appropriate due diligence, approval and ongoing monitoring.

The SAMA Rules on Outsourcing provide specific guidance on:

1. Assessing outsourcing options

2. Contractual arrangements

3. Data confidentiality and security

4. Control and monitoring of outsourcing

5. Risk assessment

6. Business continuity management

7. Access to outsourced data

8. Monitoring

9. Audit

10. Documentation, and

11. Outsourcing to third-party service providers located overseas

Google Cloud’s contracts for financial institutions in Saudi Arabia address the requirements in the SAMA Rules on Outsourcing. We have also created mappings for both Google Cloud and Google Workspace to help you understand how we can support you with meeting the SAMA Rules of Outsourcing requirements and assess us as an outsourced service provider.