More and more cash systems throughout Europe are being equipped with Intelligent Banknote Neutralization Systems (IBNS). The purpose of these systems is to secure banknotes against unauthorized access, such as forceful entry into a cash dispenser (ATM).

In the eurozone, the nature of ATM attacks tends to be transnational, meaning that attacks carried out in one country often involve suspects originating from another country. Consequently, IBNS-ink-stained banknotes frequently end up in a different country than where the crime was committed. It is therefore important to know how to detect these banknotes and to share information between countries.

In my presentation, I will provide an overview of the current state of play and discuss the role of (central) banks in detecting IBNS-ink-stained notes within the cash cycle. Finally, I will share our experiences in the Netherlands with the application of IBNS-glue-based systems to neutralize banknotes during ATM attacks.