ABN Amro has shut down almost 500 automatic cash dispensers after gangs have set about blowing them up in a wave of chaotic smash-and-grab raids across the Netherlands.
The Dutch bank said today it had been forced into the move with “immediate effect”, because of the risk of passers-by becoming caught up in the explosions.
It added the machines “have been repeatedly targeted by criminal gangs and the escalating violence used to explode them are a source of serious concern”.
This violent crime wave has hit Holland in recent years, and has seen Rabobank and ING close dozens of [Automated Teller Machines] ATMs after criminals targeted the lenders. Two years ago, Rabobank began using security teams to guard ATMs at apartment buildings.
‘Explosive attacks’
ABN Amro said “over past few months have seen a sharp rise in violent ATM explosive attacks”, targeting a specific type of cash dispenser used by the bank.
The Amsterdam-based bank added, “the attacks are causing anxiety and unrest among inhabitants and businesses in the vicinity”. The bank said it “puts the safety of the neighbourhood first” and “has decided to shut down all cash dispensers of this type with immediate effect”.
ABN Amro said it has close 470 cash machines all around the country, removing all cash. It added another 400 remain open.
Edinburgh-based lobby group, the European Association for Secure Transactions, said in April physical attacks on ATMs jumped 27 per cent to 4,549 incidents last year across the continent, compared to 2017. It added losses from these robberies amounted to €36m, a 16 per cent rise on the previous year.
The group estimated the average cash loss per bomb attack is €17,103, while the average loss for a bank ram raid is €13,198.
Trusted & Regulated Stock & CFD Brokers
What we like
- 0% Fees on Stocks
- 5000+ Stocks, ETFs and other Markets
- Accepts Paypal Deposits
Min Deposit
$200
Charge per Trade
Zero Commission on real stocks
64 traders signed up today
Visit Now67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Available Assets
- Total Number of Stocks & Shares5000+
- US Stocks
- German Stocks
- UK Stocks
- European
- ETF Stocks
- IPO
- Funds
- Bonds
- Options
- Futures
- CFDs
- Crypto
Charge per Trade
- FTSE 100 Zero Commission
- NASDAQ Zero Commission
- DAX Zero Commission
- Facebook Zero Commission
- Alphabet Zero Commission
- Tesla Zero Commission
- Apple Zero Commission
- Microsoft Zero Commission
Deposit Method
- Wire Transfer
- Credit Cards
- Bank Account
- Paypall
- Skrill
- Neteller
What we like
- Sign up today and get $5 free
- Fractals Available
- Paypal Available
Min Deposit
$0
Charge per Trade
$1 to $9 PCM
Visit Now
Investing in financial markets carries risk, you have the potential to lose your total investment.
Available Assets
- Total Number of Shares999
- US Stocks
- German Stocks
- UK Stocks
- European Stocks
- EFTs
- IPOs
- Funds
- Bonds
- Options
- Futures
- CFDs
- Crypto
Charge per Trade
- FTSE 100 $1 - $9 per month
- NASDAQ $1 - $9 per month
- DAX $1 - $9 per month
- Facebook $1 - $9 per month
- Alphabet $1 - $9 per month
- Telsa $1 - $9 per month
- Apple $1 - $9 per month
- Microsoft $1 - $9 per month
Deposit Method
- Wire Transfer
- Credit Cards
- Bank Account
Share
Roger Baird
