Last updated: 7 October 2026
The policy on the prevention of money laundering and terrorist financing crimes is one of the fundamental pillars to which we give our attention in the field of financial oversight, in accordance with the Saudi Anti-Money Laundering Law issued by Royal Decree No. (M/20) dated 5/2/1439H, its Implementing Regulations and all subsequent amendments, with which this policy is aligned. Exit Finance, CR 1010843884, registered with the Ministry of Commerce, applies this policy in operating the Tanaqul Precious platform. This policy sets out the general responsibilities of all our staff and of those who have contractual relationships with us, and the measures we take with respect to the platform's users.
The preventive measures we take to combat money laundering and terrorist financing crimes
- Identifying, understanding and assessing the money laundering and terrorist financing risks to which we may be exposed.
- Taking justified decisions on mitigating the money laundering and terrorist financing risks associated with products and services.
- Raising the efficiency of the channels used to combat these crimes and improving the quality of customer identification and due diligence procedures, including: verifying the identity of each user through the National Unified Access service (Nafath) before activating their account, not opening accounts for anyone under 18 years old, reviewing company accounts and their authorisation documents and accounts managed under a power of attorney or guardianship before activating them, and alerting the user before the ID registered with us expires.
- Providing the necessary tools that help raise the quality and effectiveness of the work.
- Relying on non-cash financial channels and making use of their advantages to reduce the use of cash in expenditure; cash is not accepted for buying or selling metals on the platform, purchases are paid for with a mada card, and amounts due to users are transferred only to bank accounts with Saudi banks.
- Identifying the user, whether a natural or legal person, in every transaction, and the person authorised to manage a company's account or an account managed on behalf of others.
- Seeking to establish electronic links with the relevant authorities to help verify the identity of persons and suspicious amounts.
- Monitoring transactions automatically and continuously with rules that detect unusual patterns — such as large volumes, buying followed by quick selling, repeated transactions of similar or round amounts, and sudden activity in a new or dormant account — with every alert reviewed by the compliance officer.
- Preventing registration by anyone whose ID number is on our ban list, and banning their account if one exists.
- Reporting suspicious transactions to the competent authorities as required by law.
- Keeping identity, transaction and payment records for at least ten years from the end of the relationship with the user.
- Suspending a user's account whenever anti-money laundering laws require it, so that it cannot carry out any transaction until the suspension is lifted.
Responsibilities
This policy applies within our activities and to all staff working under the management and supervision of the company, and they must comply with its provisions when performing their duties and job responsibilities.
What we ask of you
When you use the platform, you undertake that the data you provide is correct and up to date, that you use your account and your bank account for yourself only, that you do not deposit in the vault metals that you do not own or that are of unknown origin, and that you provide the documents or explanations we request regarding your transactions. We do not inform you of any report we make to the competent authorities, because the law prohibits this.
Reporting violations
If you discover a violation of this policy and wish to report it, write to us immediately at Policy@exit.sa. We will investigate the situation and provide you with full assistance.
Changes and amendments
We reserve the right to modify this policy or its terms relating to the Services at any time at our discretion. When we do, we update the "Last updated" date at the top of this page. A change takes effect from the date it is published; however, we notify you of a material change within the platform before it takes effect. Your continued use of the Services after the effective date of the revised policy (or any other action specified at that time) will constitute your consent to those changes.
Acceptance of this policy
You acknowledge that you have read this policy and agree to all its terms and conditions. By accessing or using the Services, you agree to be bound by this policy. If you do not agree to be bound by the terms of this policy, you are not entitled to access or use the Services.
Contact us
Contact us
Exit Finance, CR 1010843884, registered with the Ministry of Commerce.
Policy@exit.sa
Governing language
This policy is published in Arabic and English. In case of any discrepancy, the Arabic version prevails.