Oversight of the ATM Safety Act Bank ATMs available to customers after regular banking hours must have adequate exterior lighting, video surveillance systems, automatic door-locking devices, and certain other safety features required by the ATM Safety Act. We examined the actions taken by the Banking Department in monitoring compliance with these requirements and found that certain improvements were needed. For example, the Department did not have a complete list of all the ATMs covered by the Act. We also found the Department was falling well short of meeting it annual inspection goal for ATM facilities. We recommended the Department consider modifying the goal by scheduling inspections on the basis of risk. We also identified other opportunities for improvement in the effectiveness of the inspection process, and determined the Department was not always notifying banks of safety violations in a timely manner.
For a complete copy of Report 2006-S-37 click here.
For a copy of the associated follow-up report click here.