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A Confirmation Letter For Money Transfer is a crucial banking document used in Saudi Arabia to formally acknowledge and verify the execution of a monetary transfer between parties. This document is typically issued when there's a need to provide official proof of a completed transfer, whether for domestic or international transactions. The letter must comply with Saudi Arabian banking regulations, including the Saudi Central Bank (SAMA) requirements, Anti-Money Laundering laws, and Islamic banking principles. It includes essential details such as transaction references, transfer amounts, party information, and authorized signatures. This document is particularly important for business transactions, audit purposes, regulatory compliance, and as evidence of payment in commercial dealings. The confirmation letter may be required for various purposes, including proof of payment for commercial transactions, verification for regulatory authorities, or documentation for accounting records.

1. Letter Header: Bank's letterhead, reference number, date, and recipient details

2. Sender Information: Complete details of the sending party including full name, account number, and contact information

3. Recipient Information: Complete details of the receiving party including full name, account number, and bank details

4. Transfer Details: Specific information about the transfer including amount, currency, date of transfer, and purpose of transfer

5. Transaction Reference: Unique transaction identifier and related banking references

6. Confirmation Statement: Clear statement confirming the execution or receipt of the transfer

7. Compliance Declaration: Statement confirming compliance with Saudi banking regulations and anti-money laundering requirements

8. Authorization: Signature of authorized bank official with name, title, and stamp