SABRIC Statement on the Decrease Seen in Certain Bank Related Crimes

The South African Banking Risk Information Centre (SABRIC) commends the South African Police Services (SAPS) for the decrease in bank and Cash In Transit (CIT) related crimes.

The decrease demonstrates a positive impact in the fight against these crimes. The decrease shows that the collaborative efforts of the partnerships between SABRIC and its strategic partners such as SAPS and other crime fighting bodies continues to bear positive results. The banking and CIT sector would however like to see further significant decreases and speedier responses to the outcomes of investigations and prosecution. It is to be noted that the downward trend in ATM attacks has been consistent with the past few years which demonstrates the strategic initiatives implemented collectively.

Whilst incidents have decreased, the industry is concerned that the cash losses have increased significantly showing a rise between 2013/2014 to 2014/2015. It must be noted however, that a few of the incidents recorded very high losses.

Commenting on the statistics, SABRIC CEO; Kalyani Pillay said that another contributing factor to the decrease was the identification; stabilization and normalization of hotspots. This enabled the industry and the police to jointly drive their efforts to the most problematic areas in the country.

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