Category: Cash and Crime

Afghan flag

Afghanistan to consider introducing polymer banknotes

The Central Bank of Afghanistan (CBA) is assessing a proposal to print plastic banknotes for the country.  Studies by the CBA show that annually banknotes to the value of 3.3 billion AFN (US$ 47.7M) are aging and falling out of use. The issue of torn and mutilated banknotes is having significant implications for the national economy. […]

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Dutch banks to hire security guards to protect ATMs

Rabobank in the Netherlands is employing security guards at ATM locations which have residential properties above or adjacent to them. In April residents of 16 homes had to be evacuated after an ATM attack which used explosive materials to gain access to the ATM contents. Residents were evacuated whilst bomb disposal technicians made the remaining […]

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Cash and taxes in Alaska

Alaska recently voted to legalise marijuana. However, as marijuana sales are still illegal at a federal level in the US, this means many banks and credit unions won’t permit marijuana businesses to open bank accounts. In a tacit acknowledgment of this problem, the Alaskan department of revenue has set up a secure deposit safe in […]

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Australian banks call to scrap the avocado.

They are not something you see in your wallet every day, but the vividly coloured Australian $100 note, sometimes known as the ‘avocado’ may be scrapped if the Reserve Bank of Australia heeds calls from analysts. “Removing large denomination notes in Australia would be good for the economy and good for the banks,” UBS analysts […]

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Cash in Transit robbers convicted

A North London gang of eight cash-in-transit robbers who laundered their stolen cash in automated payment machines were today convicted of their crimes. The gang would rob cash-in-transit guards, make their getaways in stolen vehicles and break into the iBoxes in secluded locations. When confronted with stained notes from the iBoxes, the criminals would launder […]

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Police rewards for information paid out by ATMs

Police in Cape Town are using ATMs as part of their latest initiative to capture perpetrators of serious crimes. Road shows are taking place where criminals faces are projected onto walls around the city. Information leading to their arrest is rewarded with prepaid debit cards which can be used to withdraw cash from ATMs. Full […]

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