Cases of counterfeit currency have been reported in the area.
According to the Vernon North Okanagan RCMP there have been several reports of fake Canadian and US cash landing at local businesses since May.
The incidents are under investigation and serve as an important reminder for residents and businesses to stay alert and take precautions when dealing with cash.
Counterfeit cash can result in financial losses for people and businesses,
said Const. Chris Terleski, media relations officer. There are differences between them, but both currencies have some distinct security features you can use to help spot a fake. If you know what you’re looking for, the phoney bills won’t stand up.
Tips to spot counterfeits
Examine the bill closely – check for transparent polymer windows, embedded holograms, and raised ink. Genuine notes also feature light-reactive elements that change when tilted.
Do they feel real? Canadian bills are made of polymer which has a different feel than paper. US cash is made of a cotton/linen blend which has a more textured feel than regular paper.
Are the serial numbers the same? They shouldn’t be. Each bill has a unique serial number.
Train and equip staff – ensure staff know how to spot key security features. For US cash, tools like UV scanners or counterfeit pens can help find fakes.
Be cautious with large bills – watch for people using high value bills for small price items. Consider a policy of asking for ID or manager approval for larger denominations.
Take action – if you suspect a bill is fake, politely refuse the transaction and report the incident to police. Remember, the person may have no idea the bill is counterfeit.
Additional information for staff and security features of currency can be found by visiting the Bank of Canada Website or the US Currency Education Program.
