Cash Transfers Must Be Coordinated with Security Authorities Well Enough in Advance

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904031799

Saudi Arabian Monetary Authority
Headquarters

Banking Supervision Department
Ref: 23806 / M.Sh / 290
Attachments: -

Date: 5/11/1424 AH
Corresponding: 28/12/2003 AD

Urgent Circular to All Banks Operating in the Kingdom

Dear Sir,

Subject: ATM Cash Loading

Further to the Authority's Circular No. 5922/M.A.T/62 dated 8/4/1421 AH, which outlines the controls for ATM cash loading, specifically the clause requiring coordination and notification of security authorities during cash transfers, we inform you that the Authority received a letter from its branch in Buraydah containing observations from the Qassim Region Police regarding the reporting process. The police stated that they are being recalled when cash loading personnel arrive at the ATMs, which disrupts security operations and causes delays in security authorities carrying out their duties.

Therefore, we request your attention and emphasize the necessity of coordinating with security authorities in advance for transfer operations, enabling them to perform their duties as required, across all regions and governorates of the Kingdom.

Yours sincerely,

Deputy Governor
(Signature)
Jamaz bin Abdullah Al-Sahimi

Naser/1192

Postal Address: Riyadh 11169, Kingdom of Saudi Arabia, Fax 4662865 - Tel 4662440 ---