The process of transferring money, precious metals, and important documents is one that requires care, attention, and strict rules of compliance.

Articles of law govern transfer services in Saudi Arabia. Money is defined as any currency officially circulating in the Kingdom, whether paper or metal, while precious metals are classed as natural and artificial minerals and stones that have a value and can be converted into cash.

Important documents are categorized as those carrying a monetary value, such as shares, bonds, sukuk, and other securities.

The law applies to financial institutions and companies engaged in transfer activities in the country such as banks, money exchange centers, investment or insurance firms, metals factories, and related transport services.

In addition, licenses can be issued for the private transportation of cash, precious metals, and valuable documents but only when security requirements are satisfied, and an approved insurance agreement has been entered into to cover the value of movable items.

Operators should inform the relevant authorities in advance of any transfer operation involving items worth more than SR500,000 ($133,330), and must stick to proposed itineraries unless changes have been agreed with the appropriate authority. Rules surrounding the receipt of cash and its delivery during official working hours to banks, institutions, and exchange companies must also be adhered to.

In order to provide greater protection, certain conditions must be met by vehicle transport crew members. These include being a Saudi national, aged between 20 and 50, having at least a high school diploma or equivalent qualification, no previous convictions, being medically fit, and having completed necessary training requirements at a center approved by the Public Security Directorate.

Transportation workers are prohibited from leaving their vehicle during the movement process, whether inside or outside a city, and where necessary will be armed in accordance with Ministry of Interior guidelines.

• Dimah Talal Alsharif is a Saudi lawyer and legal consultant. Twitter: @dimah_alsharif