The Malta Independent 4 June 2025, Wednesday
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HSBC Increases security measures for euro changeover

Malta Independent Friday, 7 December 2007, 00:00 Last update: about 14 years ago

HSBC Malta said that it has introduced enhanced security measures around its banking operations in Malta following the recent robbery.

In addition to an armed guard inside each HSBC branch, HSBC introduced a delayed time lock on each bank vault. Through this system, the vault will take a delayed period of time to open, and therefore any quick entry into the vault, whether for normal banking use or for criminal intent, has now become impossible.

The delay lock system cannot be bypassed or altered as neither the branch management nor the staff members have access to the system. Notices explaining these measures have already been installed in each branch, both in the respective public areas as well as in the reserved vault areas.

This should serve as a deterrent, as the enhanced security measures will considerably delay any quick or easy entry and exit from any branch or vault by robbers.

HSBC has also introduced other confidential security measures that, in the interest of its staff and customers, cannot be divulged. These measures consist of various courses of action that are communicated on a need-to-know basis at various levels of authority.

“These measures are aimed to increasing security, making the banks less vulnerable, deterring criminals, and so improving the safety of our staff and customers, as well as protecting our money. We are also in discussion with the authorities to increase general security around all banks,” said HSBC CEO Shaun Wallis.

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