This report presents the results of our self-initiated audit of Deposit by Mail (DBM) Controls at the U.S. Postal Service’s [redacted] (Project Number 22-234). The [redacted] is in the Lakeshores division of the Western Processing region of the Postal Service. This audit was designed to provide Postal Service management with timely information on potential financial and security risks related to DBM service at the [redacted]. In February 2015, the Postal Service and a bank initiated the DBM service to allow cash and high-value mailings to be sent to the bank from retail customers through the Postal Service Priority Mail system. The bank has [redacted] retail customers that participate in the DBM service. The Postal Service receives only the revenue from postage paid on the Priority Mail pieces as high-value DBM mail is handled and processed like any other Priority Mail. DBM mail is processed at [redacted] —for delivery to the bank. The U.S. Postal Inspection Service and Postal Service personnel are responsible for security at these [redacted]. Our review focused on DBM mail service routed through the [redacted].
Wednesday, March 30, 2022
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