Armed security personnel work for companies such as Armaguard and are mainly responsible for transferring money from one location to another. These trained professionals are also known as cash in transit security guards because they transfer money from or to the bank. Other places where armed security officers work are government buildings, the defence department, money exchanges, high profile business meetings, head of state events such as the G20 summit, jewellery shops, retail stores, and credit lending institutions. The list will continue to grow.