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It is the latest in a series of items in which RTE’s independent editorial team has investigated the ethics of business in a number of industries.
In this case, RTE has been investigating a possible ethical breach of the Safe Deposit Box Act, a law which requires a company to provide “a safe deposit box” where employees can deposit money.
The Safe Deposit box Act was passed by the Fine Gael Government in 2013 to encourage a more open and transparent culture in business.
It provides for the safe deposit boxes at all Irish banks, credit unions and post offices to be covered by a security guard.
The act is intended to protect customers from a range of fraudsters, including those who could commit fraud by hiding behind a fake business name.
While there is no requirement that a bank should provide a safe deposit or account, there is a requirement that businesses that use a safe bank account be transparent about their policies and procedures.
This week, a parliamentary committee heard the impact of the Act on the safety of deposit boxes in the banking sector.
The Irish Independent understands the bill will be debated by the Department of Finance on Wednesday, with a vote expected to take place in the coming weeks.
While this is a matter for the Department, there are some other issues which may be at stake for businesses, including the number of workers required for a safe box, how to ensure that employees can be paid and the level of training required to carry out the job.
According to the law, the bank must provide a Safe Deposit Bank Box in a location at least 250 metres from its premises.
It is also required that the safe box is at least 150 metres away from any premises where employees have access to any bank or credit union accounts.
As well as being a “safe deposit” box, a safe account can also include a “safety deposit” card or an account number.
It has been widely accepted that safe deposit cards are a key part of the banking system and have been used in many instances.
However, the Safe Deposit Box Act requires that a safe and secure bank account must be “equipped with a security alarm and/or the use of security cameras”.
However, there have been a number concerns raised over the use by a bank of CCTV cameras which are also included in the bill.
It’s worth noting that RTE understands that the Irish Bankers Association (IBAA) have been involved in negotiations with the Department on the Safe deposit Box Act.IBAA’s director of corporate communications, Martin O’Donnell, has also said that the Safe Dealt Box Act does not require a bank to include CCTV cameras.
However in a statement to the Irish Independent, the IBAA said it does “not believe that the CCTV camera requirement in the act is unreasonable”.IBAA general secretary Mick Murphy said: “We are disappointed by the Minister’s decision to reject IBAA’s invitation to take the debate in the House of Commons, and have asked for a meeting with him to discuss our concerns about the Act.”
The Fine Gael Minister for Finance, Pádraig Mac Lochlainn, has previously indicated that he will not be taking part in the debate.
“It is important to be transparent and to take responsibility for our actions,” he said.
“We must continue to support banks to create jobs, and we will continue to do that by supporting their policies to promote openness and transparency in their business.”RTE understands the Minister for Financial Services is in the midst of negotiations with IBAA to discuss the bill, but is not aware of any specific discussions on the matter.