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  • Third: Policy Content

    • General Controls and Specifications for Security Inks, Money Bags and ATM Boxes

      3.1

      1. Security inks should include the following specifications:

         1.1 Have a certificate from an internationally accredited laboratory.
         1.2Must be certified by the Saudi Standards, Metrology, and Quality Organization (SASO).
         1.3It must contain DNA (Taggant).
         1.4 Have an integrated Infra-Red (IR) marker.
         1.5Have a dark green color.
         1.6Not being toxic or dangerous to humans.
         1.7Highly stable and impossible to remove with any substance such as: Water, fuel, bleach or cleaning agents.
         1.8Cash Deposit Machines (CDMs), Cash Recyclers (TCRs), self-service machines, and counting and sorting machines should be able to detect and reject counterfeit currency.

      2. Cash carriers and ATM boxes must meet the following specifications:

         2.1 The materials used in security inkjet technology should not include any materials employed in the production of explosives (according to the requirements of the Ministry of Interior, represented by the Higher Authority for Industrial Security).
         2,2 Incorporate a tracking features utilizing satellite or mobile network technology (GPS/GPR Tracking).
         2.3The ability to cover all banknotes with security inks in cash transportation bags and ATM boxes without exception, with a minimum of 20% per banknote once the security inks are activated and dispensed.

    • Regulations for the approval of specifications for service providers' cash bags and ATM boxes

      3.2

      1. When a service provider applies to the General Directorate of Branches and Cash Centers for a letter of approval regarding the specifications of cash transport cases and ATM boxes, the Directorate must verify the following before granting the approval letter:
       1,1 Cash transportation bags and ATM boxes shall use inks in accordance with the specifications for security inks referred to in paragraph (1) of clause (1.3), and cash transportation bags and ATM boxes shall contain the specifications referred to in paragraph (2) of clause (1.3).
       1.2Inform the service provider to bear the operational costs of examining the samples of marked banknotes during the examination.

    • Reporting and Awareness Controls on How to Handle Banknotes Marked with Security Inks

      3,3

      1. The department, in coordination with the Bank Policy Department, must inform the user in a one-time official letter of the following:
       1,1 Handing over the seized banknotes to the Central Bank to complete the compensation procedures in accordance with the regulations and procedures approved by the Central Bank.
       1.2 Retaining the unseized banknotes, fill out the “Report of a report or seizure of banknotes marked with security inks” form (Annex 3) and send the form with the marked banknotes to the police, and send a copy of the form to the administration.
       1.3Prohibit the circulation of marked banknotes.
      1. The administration must coordinate with the Communication Department to educate the community - in accordance with the approved policies, procedures, and instructions - not to accept marked banknotes, and the need to report any information related to them to the police.
      2. The administration must take the necessary measures to raise user awareness; to train its employees to identify banknotes marked with security inks and the mechanism for detecting and reporting them.

    • Controls for Receiving Seized Banknotes

      3.4

      1. Central Bank branches must collect the seized banknotes from the user and hand them over to the administration, and treat them as a cash consignment according to the “Internal and External Cash shipment Policy”.
      2. The administration must collect the seized banknotes from the user or Central Bank branches and refer them to the committee.
      3. After submitting an official letter from the user to request compensation for the seized banknotes, the user is required to fill out the “Request for Compensation for Security Marked Banknotes" Form (Annex 1) and the “Declaration of Banknotes for Compensation” form (Annex 2), and the person responsible for receiving the seized banknotes (the cashier) must adhere with the following:
       3.1He shall not receive any controlled banknotes except those of specified number and value.
       3.2Identify the user's name and contact information.
       3,3 Receive a copy of the approval letter issued by the Central Bank to the service provider on the conformity of the cash transportation bag or ATM box with the required specifications mentioned in clause (1.3).
       3.4Note the information of manufacturer of the self-destruct device used to mark the seized banknotes and the circumstances under which it was activated.
       3.5Record the serial number of the cash-carrying bag or ATM boxes.
       3.6Request all supporting videos/photos, if any, to be submitted, and a copy of the relevant police report in the event of an attempted takeover.
      1. The seized banknotes shall be presented to the committee to take the necessary measures in accordance with its jurisdiction.

    • Controls for Dealing with Unseized Banknotes

      3.5
      1. If unseized banknotes are presented to the central bank by:
         
       1,1 

      The User:

      The user is instructed to fill out the form “Banknotes marked with security inks” (Annex 3) and submit the form along with the banknotes to the police, and a copy of the form is sent to the administration.

       1.2

      Security agencies:

      The value of the banknotes should not be reimbursed.

       1.3

      Individuals:

      The value of these banknotes should not be compensated, and they are referred by the administration to the security authorities to ensure that they are not related to a seizure case.

    • Controls for Examining and Replacing Banknotes Marked with Security Inks

      3.6

      1. When the administration receives samples of marked banknotes from the committee for the purpose of examining them, the administration must send the samples to the laboratory to obtain the concentrations of security inks and a detailed report on the results of the examination, and return the samples after completion, and the administration must submit the technical report to the committee.
      2. The user shall be compensated for banknotes marked with security inks based on the committee's recommendation and the authorization holder's approval of the compensation. Without prejudice to the provisions of this policy, the seized banknotes to be compensated shall be considered as damaged banknotes and compensation shall be subject to the controls contained in the “Damaged Banknotes Compensation Policy".

    • Operational Cost Controls

      3.7

      1. The Administration shall inform the Service Provider or the User, as the case may be, to bear the cost of examining the samples of the marked banknotes.
      2. The Administration shall inform the User of the operational costs of replacing the seized banknotes according to the following:
       2.1The value specified in the approval of the authorizing authority for each marked banknote in cases of proven negligence in handling cash transport bags and ATM boxes.
       2,2 The cost of transporting the seized banknotes to be compensated in case the user wants the Central Bank to transport them from one of its branches to the main center.

    • Document Retention Controls

      8,3

      1. The original “Request for Compensation for Banknotes Marked with Security Inks” form (Annex 1), “Declaration of Banknotes for which Compensation is requested” form (Annex 2), copies of the rest of the documents, the committee's recommendation for compensation, and the approval of the authority holder thereof shall be retained by the administration for one year in paper form, and then destroyed after being archived in a content management system.