Regulatory Alerts2014-01-27
Added · Updated
BRPD Circular Letter No. 03: Precautionary Measures to Ensure Safety of Bank Vaults
The document instructs all banks operating in Bangladesh to implement specific structural, technological, and insurance security measures for their vaults following incidents of theft. Banks are required to install steel enclosures and security-tested doors, ensure wall integrity is certified by a professional engineer, and maintain CCTV, security alarms, automated fire extinguishers, and continuous connectivity to the bank's central information system. Additionally, banks must ensure that all assets stored in vaults are fully covered by insurance.
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