Skip to content
GeoDataVision
Thread Options
#1531326 - 04/04/11 09:02 PM Privately Owned ATM's
Nail Offline
New Poster
Joined: Feb 2011
Posts: 4
Does any one have a worksheet/risk assessment they use for cusotmers who have privately Owned ATM machines?

Thanks.

Return to Top
BSA/AML/CIP/OFAC Forum
#1531942 - 04/06/11 01:40 PM Re: Privately Owned ATM's Nail
ComplianceGurl, CRCM Offline
Gold Star
Joined: Jul 2007
Posts: 498
I do. PM me your email address and I will send you what I use.

Return to Top
#1532499 - 04/06/11 08:21 PM Re: Privately Owned ATM's ComplianceGurl, CRCM
Ann C Offline
New Poster
Joined: May 2010
Posts: 8
Washington state
Would you be willing to share what you use? We have just gone through our BSA exam with the OCC and their hot button this time was NGOs. I was surprised it wasn't privately owned ATMs.

Thanks,
_________________________
AnnC
ncnb

Return to Top
#1532519 - 04/06/11 08:36 PM Re: Privately Owned ATM's Ann C
Purex Offline
100 Club
Joined: Oct 2005
Posts: 181
South
Would you be willing to share with me also. I have just been put in charge of organizing something on all of our Privately Owned ATMs?
Thanks
_________________________
I Love my Bulldogs

Return to Top
#1532690 - 04/07/11 01:48 PM Re: Privately Owned ATM's Purex
Branch ops Offline
Junior Member
Joined: Jul 2005
Posts: 44
Massachusetts
Ann C - what was the suggestion for the NGO's due diligence?

Return to Top
#1532932 - 04/07/11 07:16 PM Re: Privately Owned ATM's Branch ops
Ann C Offline
New Poster
Joined: May 2010
Posts: 8
Washington state
The OCC was pretty specific on doing due diligence and enhanced due diligence on all new NGOs. We also had to go back and review our exisitng NGOs to make sure none were high risk. We've added a line to our Risk-rating profile for new accounts and made up a NGO profile form for any high risk NGOs using the bullet points from the FFIEC Manual. (page 320-321 in the Red Book.)
_________________________
AnnC
ncnb

Return to Top
#1636977 - 12/08/11 05:24 PM Re: Privately Owned ATM's Ann C
djalen Offline
New Poster
Joined: Dec 2011
Posts: 19
NJ
would anyone be willing to send me their worksheet or risk martrix for privately owned atm's? our auditors have been asking and we dont have any procedure in place yet.
Thank you

Return to Top
#1644198 - 12/29/11 04:24 PM Re: Privately Owned ATM's Nail
b.b Offline
New Poster
Joined: Dec 2011
Posts: 24
Would someone mind sending me their worksheet or risk matrix as well?

Thanks,

Return to Top
#1644345 - 12/29/11 07:20 PM Re: Privately Owned ATM's Nail
Banker Chick Offline
Junior Member
Joined: Jul 2006
Posts: 37
TN
Just a word of caution...

Some states prohibit the private ownership of ATMs. Be sure to check your state's statute.
_________________________
Opinions expressed are my own and do not necessarily reflect those of my employer.

Return to Top

Moderator:  Andy_Z