Accepting a fake note could lead to a significant financial loss for your business. Protecting yourself is half the battle.
There’s a guy in the basement making counterfeit currency right now. He’s real. In fact, there are a lot of them. According to the Secret Service over $1,360,000,000,000 (that’s right; $1.36 TRILLION!) of all money in circulation worldwide is counterfeit. Counterfeiters are always trying to stay one step ahead of the law, utilizing new technologies to produce counterfeit currency. Some of them have become very sophisticated at making the perfect note – to the extent that even experts cannot initially decipher between real and fake.
Deciphering legitimate notes takes knowledge — understanding what to look for: positioning of elements, paper, watermarks, threads, and other key indicators. It’s the combination of these features that are most telling. To the untrained eye, most fake currency in circulation goes undetected. Money is such an integral part of our lives that it’s rarely looked at with scrutiny. That is, until you get stung.
To read more, download BankSupplies' white paper:
This white paper was supplied by BankSupplies, a founding exhibitor of Anti-Counterfeit & Currency Expo (ACCE), taking place November 6-8, 2018 - Las Vegas, Nevada, USA.
If you are interested in learning more about ACCE, get in touch with our team today.