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Germany’s Cash-Tracking System Draws Privacy Warnings and Push for Legal Rules

Serial-number readers now span banks, couriers and police, feeding fragmented private and public databases under scrutiny

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Overview

  • Serial-number readers have been widely deployed in German cash centers, ATMs and law enforcement facilities, enabling automated recording of banknote movements.
  • Data on scanned banknotes remains scattered across proprietary databases held by private firms, banks and police without a central repository.
  • Giesecke+Devrient’s Compass Banknote Intelligence and Elephant & Castle IP offer licensed tracking services that integrate serial-number feeds for investigative and logistical analysis.
  • The Deutsche Bundesbank declined to adopt comprehensive serial-number listing procedures, citing cost, policy constraints and data protection considerations.
  • German data protection authorities warn that granular tracking risks deanonymizing cash, while police unions advocate legal frameworks to consolidate dispersed serial-number data.