Japan Banks Set to Ban Storage of Cash in Safe Deposit Boxes
Japan's main bank industry group is urging its members to prevent customers from keeping cash and other high-risk items in safe deposit boxes, following a series of thefts by employees.
The Japanese Bankers Association has revised its sample agreement to explicitly prohibit the storage of cash in safe deposit boxes, it said on Thursday. Banks use the document as a model for their contracts with clients who use the service.
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