In force
Saudi Cash Transport Law
نظام مزاولة نقل النقود والمعادن الثمينة والمستندات ذات القيمة
Regulates licensing and practice of transporting cash, precious metals and valuable documents in Saudi Arabia. It has 17 articles and concerns licensed carriers and their staff.
- Articles
- 17
- In force
- 17
- Amended
- 0
- Issued
- 18/10/1428 AH
Issued by: مرسوم ملكي رقم م/81 بتاريخ 18 / 10 / 1428 · قرار مجلس الوزراء رقم 309 بتاريخ 17 / 10 / 1428
Each article shows the official Arabic text, which is the only legally binding version, followed by our plain-English explanation.
Browse Cash Transport Law by topic
Articles of the Saudi Cash Transport Law
- Article 1Article 1 defines four key terms in the Law: cash, precious metals, valuable documents, and the regulated activity, which is the service of transporting them.
- Article 2The article sets out the bodies subject to the Law and limits licensing of transporting cash, precious metals and valuable documents to them, requiring some of them to have a dedicated security department.
- Article 3The article provides that license applications and renewals for cash transport are submitted to the General Security Directorate, and the applicant pays a fee of SAR 1,000 per year.
- Article 4The Minister of Interior or his delegate approves the body's practice of the activity, and the Director General of Public Security then issues the license for three years, renewable, specifying the area or areas of activity.
- Article 5The article requires every licensed body to conclude an insurance policy with an insurance company licensed in the Kingdom covering the value of all transported items.
- Article 6The article requires licensed bodies to notify Public Security in advance of any transport exceeding SAR 500,000, stick to the route, and deliver and receive cash during banks' and exchange firms' official working hours.
- Article 7Licensed bodies are subject, in this activity, to direct supervision by the competent public security departments in the regions, as the Implementing Regulations specify, without prejudice to the powers of other bodies.
- Article 8The article requires that whoever manages licensed bodies, or their security, be a Saudi aged at least 25 with a university qualification and no prior conviction for a hadd or a crime of dishonor or breach of trust.
- Article 9The article requires vehicle crew members to be Saudi, aged 20 to 50, with at least a secondary certificate, no prior conviction, medically fit, and to have completed the approved training.
- Article 10Cash transport vehicle crews must take everything needed for the safety of the transported items, and are prohibited from leaving the vehicle empty during transport, inside or outside the city.
- Article 11The article provides that the crew of the transport vehicle is supplied with the necessary weapons as the Minister of Interior determines, based on his powers under the Arms and Ammunition Law.
- Article 12The General Security Directorate issues a separate license for each cash transport vehicle, which must be armored and meet the specifications, and importing, manufacturing or selling such vehicles requires its approval.
- Article 13The article refers to the Implementing Regulations the forms of licenses, cards, uniforms, emblems and colors used in the cash transport activity.
- Article 14The Minister of Interior forms one or more committees in the regions, of three members one of whom has a sharia or legal qualification, to consider violations of the Law and decide the penalty under Article 15.
- Article 15A violator of the Law is punished by a warning, a fine of up to SAR 100,000, temporary suspension of the license or its cancellation, and a penalty other than a warning may be challenged before the Board of Grievances.
- Article 16The Minister of Interior issues the Law's Implementing Regulations within ninety days of its publication in the Official Gazette, and they apply from the date it takes effect.
- Article 17The Law is published in the Official Gazette, takes effect ninety days after publication, and repeals any conflicting provisions.