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Safety of Cash in ATMs

No: 291000000547 Date(g): 6/9/2008 | Date(h): 7/9/1429

Translated Document

Effective from Sep 06 2008 - Sep 05 2008
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Based on SAMA's keenness and role in ensuring the safety of cash in circulation and the banks' responsibility for cash in ATMs, SAMA emphasizes to all local banks the necessity of paying sufficient attention to the safety of cash in the ATMs under the bank's jurisdiction, and adhering to the following:

First: Provision of necessary money counting and inspection machines at cash centers, and periodic assurance of the efficiency of these machines and the correctness of their setup (programming).

Second: Compliance With SAMA circular No. 23782/BC/251 dated 14/09/1414 H, and No. 422/M/T and the date 8/11/1413 H, and circular No. 400/B/C/241 and date 21/10/1413 H regarding the inspection of cash and ensuring its safety and quality before feeding it into ATMs.

Third: Increasing bank tellers' awareness of banknotes and their embedded security features, and providing all necessary equipment to verify the safety of the banknotes that are dealt with.

Fourth: ATMs should be fed under dual control and surveillance cameras with TV recording features, with the recorded material retained for at least six months for future reference if needed.

Fifth: Supervision, monitoring, and follow-up by bank officials on the process of feeding ATMs by cash transport companies, and not leaving this to companies only.

SAMA emphasizes the importance of adhering to what has been mentioned above.