AUDITING & CIT COORDINATION

COORDINATING SAFETY WHEN TRANSFERRING CASH

CST is not an armoured transport company but, on request and in accordance with the Bank, is able to select, designate and supervise the best CIT carrier that fully satisfies standard quality and security demanded.

Thanks to specialised knowledge in the field of armoured transport service, CST provides the Bank, and/or the private operator, with committed personnel with great expertise in the fulfilment of all types of inspection functions and logistics relevant to CIT auditing.

Replacing Financial Institutions and their sole interests, CST analyses the players' offer, evaluates and verifies their Compliance to the regulations for both safety and transport of valuables, identifies the right partner and, with the Bank's mandate, makes a contract undertaking coordination and surveillance tasks as well.

For each Branch/ATM counter served, CST staff plans the activity of the armoured car optimising the operations of pick-up and cash replenishment, gives value to each cost while monitoring the execution of the designated CIT company and verifying efficiency, timing and operational methods; then, the periodic financial statement including subtracted penalties and added costs is given to the Bank.

The CIT Auditing department constantly monitors the accuracy of the recount carried out by the carrier in its counting rooms; in addition, the department regularly inspects the armoured transport company's vault, systematically analysing its reports in order to find mistakes and incongruities with high precision.

The Bank or the person responsible for the maintenance of the machine will receive on the portal a warning anywhere from generic technical anomalies at the terminal (e.g. jammed banknotes or paper, etc...) to extreme emergencies (e.g. attempted robbery, break-in, explosions, etc...). Consequently, CST staff plans and arranges FLM interventions or, after taking into consideration the risk index for the SLM interventions with the technician, organises and carefully coordinates the hiring of technical personnel and armed security.