27 April 2006

Justice

Code of Practice for Cash-in-Transit Companies

Ciarán Cuffe TD asked the Minister for Justice, Equality and Law Reform his views on imposing a mandatory code of practice for cash-in-transit security companies to replace the voluntary code of practice currently in place; and if he will make a statement on the matter. 

and

Ciarán Cuffe TD asked the Minister for Justice, Equality and Law Reform the way in which he intends to ensure continuous improvement in operational standards on the part of financial institutions and the cash-in-transit security companies; and if he will make a statement on the matter. 

Minister for Justice, Equality and Law Reform (Mr. McDowell):  A voluntary Code of Practice, which sets out the agreed principles and minimum standards for the movement of cash was signed on 24th June 2005.  Its objective is to encourage the highest standards of operation and, having due regard to the specific circumstances of each organisation, the implementation of integrated end-to-end solutions to create safe, secure and efficient cash handling. 

The requirements of the Code took effect on the date of signing and were to be implemented in full by the stakeholders as soon as possible thereafter, but not later than 31 December 2006.  The Code does not preclude stakeholders from taking more stringent measures than those provided for in the Code. 

I am informed by the Garda Authorities that the implementation process is well underway and all stakeholders are actively sourcing improved methods of cash delivery, collection and storage which will be in keeping with the physical, electronic and procedurals requirements of the Code. 

An Garda Síochána, working in cooperation with representatives from each of the stakeholder groups, financial institutions and CIT service providers has developed draft guidance notes for the installation of physical, electronic and procedural security enhancements throughout the entire networks.  Also, with the assistance of An Garda Síochána, each stakeholder has commenced risk assessments of its various locations (branches, off-site ATM's, bunkers and cash centres).  These assessments have highlighted various risks and hazards associated with such locations and will also attempt to identify ways and means to control or eliminate such risks or hazards for the future. 

While all of this represents significant progress, the Deputy will be aware of the recent incidents where serious lapses in standards occurred.  I have spoken to the Garda Commissioner and the Chief Executive of the Private Security Authority to discuss what further can be done to ensure that the cash-in-transit in Ireland is operating to the highest international standards.  I support the decision of the Chief Exective of the Private Security Authority which has indicated her intention to bring forward, at the earliest opportunity, mandatory licensing for the cash-in-transit sector of the Security Industry.  I also confirmed with her that strict adherence to the Code of Practice will be an integral part of the licensing regime and companies who do not comply with the Code will not be licensed to operate in the cash movement sector.