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The public needs to be aware of a recent rise in counterfeit cash being circulated in the North Okanagan, the RCMP says.
Since May 5, police have received a number of reports of counterfeit bills showing up at banks in the region.
The RCMP explained that the majority are Canadian $50 bills, but several Canadian $5 bills and American $100 bills have been discovered as well.
Cst. Chris Terleski said that Canadian currency in general has several unique security features designed to prevent counterfeiting.
"By far, the most recognizable feature is that Canadian currency is made from polymer, not paper and the difference is immediately noticeable,” he noted.
“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."
The RCMP is issuing a public reminder that there are steps that can be taken to prevent these counterfeit transactions from taking place, which include:
- 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.
- 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.
- Provide staff with information and training on how to spot counterfeit bills.
- Develop store policies around accepting larger cash denominations, such as asking for ID.
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