Regulatory Alerts2003-12-28
Added · Updated
Cash Transfers Must Be Coordinated with Security Authorities Well Enough in Advance
The Saudi Arabian Monetary Authority mandates that all banks operating in the Kingdom must coordinate and notify security authorities well in advance prior to any ATM cash loading or transfer operations. This requirement addresses operational disruptions caused by security forces being recalled upon the arrival of cash loading personnel at bank branches and ATMs. Banks are instructed to implement this advance coordination protocol across all regions and governorates to ensure security authorities can effectively perform their duties without delay.
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