Regulatory Alerts2016-02-14
Added · Updated
Banks' responsibilities to ensure Security and Risk Mitigation measures in ATM Transactions
Schedule Banks of Bangladesh must install anti-skimming and PIN shield devices in new ATM booths and retrofit existing booths within one month. Banks are required to review ATM video footage regularly, immediately void and reissue compromised cards, and send suspicious footage to law enforcement agencies. Additionally, banks must submit monthly inspection reports to the Payment Systems Department, train ATM booth guards on fraud repulsion, and ensure automatic SMS alerts are sent instantly for every ATM withdrawal.