The SAMA Counter-Fraud Framework expects more than a fraud team. It expects governance, accountability across the three lines of defense, documented processes, and reporting that reaches the board.
We build that program with you: the committee and its charter, the fraud policy and supporting standards, roles and responsibilities, the operating model between business, fraud, compliance and audit, and the management information the board and the regulator expect to see.
The work is delivered in phases so your teams can adopt each part before the next, and it closes with a self-assessment against every requirement of the framework.
Why it matters
Counter-fraud governance and committee charter
Fraud policy, standards and procedures
Three-lines-of-defense operating model
Board and regulator reporting
How the engagement runs
- 1BaselineGap assessment against the framework
- 2DesignGovernance, policy, operating model and reporting
- 3ImplementRoll-out, training and process adoption
- 4AssureSelf-assessment and readiness for regulator review
What you receive
- Counter-fraud strategy and roadmap
- Policy and procedure set
- RACI and operating model
- Compliance self-assessment against the framework
Questions
How long does implementation take?
Typically three to six months, depending on your starting point and size.
Do you write the policies for us?
Yes, in Arabic and English, tailored to your products and approved through your governance.
