العربية Terms & Conditions for enforce transfer to client I hereby confirm and acknowledge that an information I provided in this form is correctness and accuracy, and I agree on all the terms and conditions mentioned in this form. I, the client, agree to exempt (Mohammed Hassan Yalla & Sons Exchange Company) from any responsibilities, claims, or compensation due to non- enforce or delay the transfer; if this resulted from an error in the information required in this form, incomplete data, error in the beneficiary's party data, technical malfunctions of transmission and communication systems, or for any reason due to another party. The Company will perform the normal procedures followed in transferring funds and I agree and understood that the company is absolutely free to seek assistance behalf on the client “transferor” with an external correspondent bank to carry out the transfer. In all cases, neither the company or correspondent banks will bear any responsibility, damage or loss that may occur from any error, omission, nor delay caused by circumstances beyond their control, and the correspondent bank may seek an agent’s assistance to enforce the transfer. According to the company own discretion, it has the right to refuse, stop, or cancel any foreign transfer or cancel outgoing of any transfer without referring to the client, and the client does not has the right to file any lawsuit, or complaint or hold the company accountable. The company shall not accept to send remittances for purpose that is prohibited according to law, and the company has the right to stop any transfer of this kind, and the client will bear all the responsibilities resulting from that. when the transfer is made in a currency other than Saudi Riyal, the currency will be exchanged before the transfer is executed, at prevailing exchange rate of that day. When the client requests to retrieve or cancel an external transfer, it is allowed to recover the amount if it is not paid yet to the beneficiary for any reason, but it is required that the amount of the transfer has already been returned to the company by the correspondent bank. The company has the right to decided and collect any expenses from the client if the transfer has been returned due to errors in the information contained in the application, the transfer amount will be returned in the currency in which it was made based on the company's current purchase price on the day of returning the transfer amount (minus the value of the transfer fees for the company and the correspondent bank). In case of not complete enforce transfer; the company shall not bear any loss in the currency exchange differences unless the failure to complete the transfer is due to the company's infringement or default. The company shall not be liable for any failure that may occur from correspondent bank, the beneficiary bank, or the intermediary correspondent regarding enforce or delivery of the remittance (as long as it was issued according to the information provided by the client “transferor” and upon his request). If the company request any information related to an outgoing transfer that issued by the transferor, he/she must provide maximum within a 5 work days, and in case the transferor does not respond, The Company is not responsible for returning any money to you that have been withheld by other parties, whether its local or international. And you are not entitled to claim compensation from The Company or institute any lawsuit or complaint or hold the company accountable for any liability. The company shall transfer the money that received from the client into foreign currencies at the selling price prevailing in the company and on the day that this money will be received and the written statement of the company to make the transfer final and binding. In the case, the client requests any amendment to the remittance, the company does not bear any expenses arising from that request, and the client only shall bear any additional expenses or costs may require by the company, the correspondent bank, the beneficiary bank, or the intermediary correspondent. The client acknowledges and agree that he is aware that the laws of the Kingdom of Saudi Arabia prohibit money transfer without knowing the transferor relationship with the beneficiary (the transferee), or without a legal relationship that binds him to the beneficiary, or without a legitimate purpose. The client agrees and acknowledges that he is aware that the transfer fees are subject to VAT. |