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Image Credit: ADOBE STOCK
May 18, 2022 - 11:09 AM
Vernon RCMP are warning the public about a rise in counterfeit cash in the area.
Police say they have received numerous reports of counterfeit bills showing up at banks since May 5.
According to a Vernon North Okanagan RCMP media release, the majority of the fake cash has been in $50 bills, but some U.S. $100 bills along with $5 Canadian bills have also been found.
RCMP aren't sure whether the counterfeit bills are related and are issuing a reminder to the public to watch out for the fake notes.
"Canadian currency, in general, has several unique security features designed to prevent counterfeiting," Vernon RCMP Const. Chris Terleski said in the release.
"By far, the most recognizable feature is that Canadian currency is made from polymer, not paper and the difference is immediately noticeable. The holograms in real currency are embedded, fakes will have them taped or glued leaving an unfinished, rough edge. These differences are easy to spot if you know what you are looking for."
RCMP have provided some tips for anyone that comes across a counterfeit note:
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Be wary of people using large bills to make small purchases. Fraudsters will do this to try to make off with the largest amount of legitimate currency possible;
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If you suspect a person has given a counterfeit bill, remain polite, refuse the transaction, and ask for another bill or form of payment. Remember, the person may have no idea the bill is counterfeit.
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Provide staff with information and training on how to spot counterfeit bills;
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Develop store policies around accepting larger cash denominations, such as asking for ID
More information is also available from the Bank of Canada here.
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