“It was a valuable experience and most of the topics were really relevant. The sharing of ideas was at a high level and everyone was very forthcoming to answer my queries.” Central Bank of Seychelles
Central Bank Summit
Monday | 11 September 2017 | 9:00am - 12:00pm
No extra charge (Open to Central Bank delegates only)
Topic: Cash Accepting and Cash Recycling by Banking Equipment - Do Central Banks Care?
Moderator: Dr. Sopee Sa-nguandekul, The Bank of Thailand
The common strategy in counterfeit deterrence is to use overt features for public to quickly verify their banknotes. The notion of public has always been people. This may not be true anymore!
We are seeing increasing use of cash accepting and recycling through banking equipment such as CDMs, recycling ATMs, teller cash recyclers, smart safes and all types of banknote acceptors. It is extremely important that central banks take this into consideration when they formulate currency management strategy and policy. This is to avoid a potential catastrophe that may result in a loss of confidence and huge financial cost to the stakeholders involving hundreds of thousands of banking machines. Imagine one day the machines are accepting and dispensing counterfeits!
This summit will discuss best practice in implementation of machine readable features for banknotes and detection mechanism/algorithm in banking equipment. To create an efficient and secure cash cycle in an environment where increasing automation is used, central banks will have to create a currency that is machine friendly and ensure that machines fully recognise the security features. Participants are encouraged to share their experience in this regard and the steps they took to achieve this.
Key points to take away are:
- Sharing of experience in facing counterfeit situations
- To effectively apply machine readable features on banknotes
- To effectively detect machine readable features
- Design of test deck to test whether machines effectively recognise the machine readable features
- What types of machine are to conform to this test
Dr. Sopee Sa-nguandekul's biography:
Dr. Sopee received her Bachelor’s degree in Chemical Engineering from King Mongkut’s Institute of Technology, Thailand and was awarded a scholarship by the Bank of Thailand for her PhD. Program at Lehigh University, USA. After the graduation in 1997, she joined the Note Printing Works, Bank of Thailand as a researcher. She has been involved in banknote design and production for almost 20 years and has led the research group as Research Director for two years. She currently serves as the Director of Banknote Strategic and Planning for the Banknote Management Group.
ACMA Workshop in Bangkok
Monday | 11 September 2017 | 2:00pm - 4:30pm
Price: $320 for delegates (50% discount for ACMA members)
Topic: Industry Legislation, Attacks and Losses.
Moderator: Ted Devereux (ACMA) and Scott Forster (Linfox Armaguard).
The Workshop provides an overview of the legislation in the countries where ACMA members have a presence. In addition to this, the audience will learn of the types of attacks, internal and external losses in these countries and the related causes. It explores how these losses might be mitigated through enhanced regulation and legislation based on the experience in other countries. Another area to consider, is whether regulations, in particular Legislation and Central Bank input and oversight, has an impact on the efficiency and security of cash in circulation.
Topic: Cash Services-Crafting of a Master Service Agreement.
Moderator: Ted Devereux (ACMA), Charles Wink (G4S) and a lawyer.
Putting in place a well crafted Master Service Agreement is a vital element of operating and managing the risks for a Cash Management company. It is important that the agreement is fair and equitable to both parties, and that includes all events and their consequences in normal and extraordinary conditions, dovetailing with the CMC's insurance policy conditions. ACMA has established a working group supplemented by a lawyers’ firm to present guidelines and a checklist in Bangkok about the recommended key terms and conditions of the Master Service Agreement, and to guide all the workshop attendees through the process of producing a fair and complete document, to avoid unforeseeable and unpleasant issues in a further stage of the relationship, which might have a substantial impact to the CMC or the service sustainability.