Regulatory Alerts2019-02-26
Added · Updated
Amendments to Automated Teller Machine Instructions No. 6/2018
The Central Bank of Saudi Arabia amends Article 4/A of the Automated Teller Machine Instructions No. 6/2018 to require dual network lines, satellite tracking chips for ATMs in public locations, and specific surveillance image retention. The amendments to Article 5 mandate that ATM cutters comply with CEN1 or equivalent standards, with a three-year regularization period for payment service providers. Additionally, Article 10 requires immediate transaction notifications via SMS or similar methods containing specific details, while Article 15 sets an 18-month deadline for providers to regularize their ATM status.