4. Bank Vaults
Bank Vaults are the places where money, gold
ornaments and other valuables are kept in safety by
their clients or depositors.
It is intended to protect their contents from theft,
unauthorized use, fire and other threats.
It is also called “Strongroom”
Strongroom from1901
A part of Swiss vault
5. Safety of bank vaults
Bank authorities are supposed to employ all possible technological and physical
security measures
Some banks supplement this protection with armed or unarmed security guards
Yet the same standard cannot be maintained in all cases and remain
vulnerable to onslaught from the criminals.
Nowadays Daylight robberies are rare because of extensive installation of
closed circuit cameras and physical security measures.
They tend to take recourse to other methods, including digging of underground tunnels
or making of holes in buildings close to banks, to reach the vaults or lockers.
Criminals usually choose long holidays or weekends to conduct their operations.
6. Recent robberies on bank vault
Sonali Bank heist Kishoreganj branch
In the January of this year
The robbers dug a long
underground tunnel
meticulously to reach the vault
of the branch
To evade detection they
snapped the wires of the CC
cameras installed inside the
bank branch
Looted almost Tk 160 million
7. Recent robberies Continue…
Brac Bank heist Joypurhat branch
In the September of this year
The robber/s reached it after
cutting through a wall and
breaking 3 door
The closed circuit (CC) camera,
Electricity line of the bank were
disconnected
looted almost Tk 20 million
8. On the Victim Bank
On the people of the
country
Impact of Bank heist
On the economy of
the country
On the society
9. Recommendation
However, banks do need to review
their security system in the light of
modus operandi of the criminals.
In addition to installing hidden digital
cameras at different points of their
branches, banks need to shield their
vaults and lockers using reinforced
materials.
Banks should implement modern
security measures,, like motion-sensing
and high resolution color security
cameras and locator devices.
10. Conclusion
Bank robberies are as old as banking.
The crime would continue to recur
also in the future. But to minimize the
risks of losing money to the criminals,
the banks in the developed countries
employ high-tech gadgets and take
insurance policies to get
compensation in the event of heists.
The Bangladesh Bank, at least, on a
couple of occasions since early 2008,
asked banks to beef up security
around their vaults and locker rooms
and to take insurance policies for the
same.