5-1) Security Systems and Devices
| No: 361000067859 | Date(g): 25/2/2015 | Date(h): 7/5/1436 | Status: In-Force |
Translated Document
Effective from 2015-02-25 - Feb 24 2015
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Money exchange centers must adhere to the instructions outlined in the Law of Private Security Services and its implementing regulations issued by Royal Decree No. M/24, dated 8/7/1426H, the Law of Transporting Money, Precious Metals, and Valuable Documents issued by SAMA, No. M/81, dated 18/10/1428H; and the Security Safety Guidelines issued by SAMA, No. 485/M.A/36, dated 7/1/1416 H. These instructions should be considered the minimum security and safety measures that must be followed, and must include at least the following:
- Adhering to the security safety requirements issued by SAMA, including:
| a.. | Standards for site selection, environmental health, and civil defense requirements. | ||
| b. | Procedures for transporting cash. | ||
| c. | Instructions for the work of security guards. | ||
| d. | Providing the necessary requirements for automated systems, banking devices, recording devices, and document storage. |
- Displaying the license issued by SAMA and announcing the exchange rates prominently at the location.
- Including the license number in all printed materials, correspondence, and any other outputs.
- Handling transactions with clients using official receipts for all allowed exchange operations.
- Informing clients prominently about the necessity of obtaining receipts for any transaction performed.
- Equipping work areas with the necessary devices for counting, sorting cash, and detecting counterfeit currency.
- Insuring property against fire and theft with a licensed insurance provider in the Kingdom.