Security and Fraud Control
As noted in the Chief Executive's Review, in February 2006 a contracted Mint employee was arrested and charged with the theft of a substantial volume of $2 coins, valued in excess of $150,000. T e majority of the stolen money has been recovered.
As a result of the theft the Mint engaged the Australian Federal Police (AFP) to undertake an independent review of the Mint's physical and personnel security practices in order to identify any deficiencies.
The AFP report provided a total of 17 recommendations. In consultation with Mint staff , and the approval of the Parliamentary Secretary to the Treasurer, a revised set of security arrangements were developed. To date the majority of those arrangements have been implemented or are in the process of being trialled prior to full implementation.
The refurbishment project will present a range of security challenges in the coming year, however it is anticipated that the establishment of formal security committees and an increased emphasis on strategic forward planning will assist in mitigating risks against the Mint.
The Mint continues to work with the AFP to implement recommendations aimed at minimising the possible occurrence of theft within the Mint from occurring again.
In conjunction with the Mint's Information Technology Systems (ITS) team a combined Security and ITS committee has been established to address both IT and security related issues to ensure a coordinated and holistic response to Mint security matters.
It is anticipated that during the coming year an increased emphasis will be placed on security awareness through an education programme, including ethics and fraud awareness training and greater use of staff notices and educational material.
The Mint's Fraud Control Plan complies with Australian Government Fraud Control Guidelines. The plan will be updated during the coming year.
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