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Last Updated: Friday, 10 March 2006, 20:40 GMT
Security of banknotes tightened
Bank of England
The Bank of England's governor commissioned a security review
The security of banknote storage has been tightened following the 53m raid on a Securitas depot, the Bank of England has said.

Bank governor Mervyn King commissioned a security review on the day of the 22 February raid in Tonbridge, Kent.

A preliminary report by the bank's deputy governor has recommended measures to make note storage and distribution less vulnerable to crime.

The cash-handling industry has also taken steps to boost security.

The Bank said on Friday that it would work with the industry to implement changes.

More changes are likely to follow as a result of the report by Sir John Gieve. Full details of his findings are not being released for security reasons.

Five charged

Sir John's report drew on discussions with police experts and members of the note circulation scheme - the system by which cash is stored and distributed to banks around the country.

Almost 20 million stolen in the raid at the depot has since been recovered.

Four men and a woman have been charged in connection with the raid and are due to appear at Maidstone Crown Court on Monday.

A further 12 people have been arrested over the robbery, in which a gang kidnapped depot manager Colin Dixon and held his wife Lynn and eight-year-old son hostage.

Ten people have since been released on bail. They include a man and a woman who worked for Securitas.

Two people have been released with no further action.


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