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Current Risks in Cash Transit
Current Risks in Cash Transit

Author(s): Petia Biolcheva
Subject(s): Financial Markets
Published by: Икономически университет - Варна
Keywords: encashment transport; risk; valuables

Summary/Abstract: Encashment is important for providing cash to banks and their clients. The last five years have shown that the risks related to the bank and cash transportation are growing. The main threats are connected with a whole group of criminogenic factors and the presence of organized criminal groups. This study shows that in addition to the up-mentioned factors high frequency of incidents relates to both unintentional and intentional abuses committed by the collection personnel. All cash collecting companies operating in the country make daily efforts to reduce the incidence and severity of risk. Research objectives of the study are aimed at detecting risk spectrum threatening the processes of cash movement from customers to their banks and the negative economic effects of their implementation. An empirical survey is carried out among companies engaged in collection activity and banks which use their services to disclose risk profile.

  • Issue Year: 60/2016
  • Issue No: 3
  • Page Range: 350-363
  • Page Count: 14
  • Language: English