Saudi Arabia's Central Bank (SAMA) has announced that it has updated regulations for temporary precautionary procedures to protect bank clients from financial fraud.

A few days ago, SAMA notified banks in the Kingdom about the new procedures based on assessments and follow-ups it had conducted over the previous few days.

As part of the update, the minimum limit of daily transfers for bank clients was reinstated to the previous limit, where clients can reduce this limit by contacting their bank. As part of the update, users were also able to open bank accounts online according to the organization's procedures. The new regulations came into effect on Tuesday.

Saudi Central Bank urged bank clients to practice the highest level of caution against fraud and not disclose personal information, such as passwords and PINs, to anyone. This article emphasized the importance of ensuring the reliability of websites that customers deal with.