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Security firm’s collections is an acceptable forms of security procedures for cash banking.
Please kindly explain what is meant by “Security firm’s collections” with examples?
There are independent firms which specialise in the collection and delivery of cash and other valuables. They use armoured vehicles and people wearing helmets, carrying truncheons and sometimes guns.
Instead of an ordinary employee having to carry $000 to the local bank, the security firm collects the cash and delivers it to the bank under guard. The risk of violent theft is much less.
A UK example is G4S https://www.g4s.com/en-gb
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