Thousands of boxes of valuables lie unclaimed in bank vaults

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Thousands of boxes of valuables lie unclaimed in bank vaults
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Oireachtas inquiry to hear calls for legislation to deal with items up to 200 years old

Thousands of boxes, chests and paintings, many of which could hold valuable papers and treasures dating back 200 years, lie unclaimed in bank vaults in the State, an Oireachtas inquiry will hear today.

“There are potentially thousands of abandoned safety deposit boxes in banks around the country,” said Joe Carey, chairman of the Oireachtas Committee for Rural and Community Development and Fine Gael TD for Clare. “We don’t want to breach people’s right to property or to privacy. The new GDPR legislation brings with it a whole range of legal protections.”

Such storage has become more formal since the early 1970s when safety-deposit boxes began to be introduced.

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