SABRIC REPORT
SABRIC: winning the fight
against banking crime
Collaboration is the key, says CEO of the South African Banking Risk
Information Centre (SABRIC), Kalyani Pillay
A
Card-skimming devices.
s the country celebrates 20 years of democracy, this
year will also mark the 12th year since South African
banks formed SABRIC. The organisation, formed by
the major banks in 2002 to fight organised crime,
started as a small company and has since evolved
and blossomed into one of the key crime-fighting organisations in
the country.
But what was the secret of making SABRIC a success? SABRIC
CEO, Kalyani Pillay, attributes the company’s success to its
collaborative model and its ability to identify and respond to the
ever-evolving bank crime landscape. ‘Banks, cash-in-transit (CIT) and
ATM companies come together for a common purpose, which is to
fight organised crime collectively,’ he states.
The partnership is not only limited to private companies, but
extends to government departments as well. In its effort to fight
crime, SABRIC partners closely with departments such as the South
African Police Services (SAPS), Department of Home Affairs (DHA),
and the South Africa Revenue Service (SARS). Other key government
departments SABRIC engages with on behalf of its clients are the
Financial Intelligence Centre (FIC), Customs and Excise, as well as
the Department of Transport, among others.
Collaborating with different partners has taught SABRIC the
importance of sa