RCMP warns merchants to be aware of counterfeit currency circulating

Counterfeit currency has either been passed or attempted to be passed in communities from Oliver to Kamloops, including Lake Country.

  • Tue Aug 14th, 2012 6:00pm
  • News

The RCMP is advising businesses throughout the Interior of the B.C. that several areas have recently experienced a spike in counterfeit money passing.

Since the last week of July, RCMP have received numerous complaints where counterfeit currency was either passed or attempted to be passed in the communities of Oliver, Osoyoos, Okanagan Falls, Penticton, West Kelowna, Lake Country, Salmon Arm and Kamloops.

These incidents involve Canadian bank notes in the $20, $50 and $100 denominations from the Canadian Journey Series, dated between 2001 and 2006.

The public, merchants and businesses should always check the security features of bank notes before accepting them. The security features to check are:

• the watermark or ghost image

• the security thread

• the overall print quality

• the metallic or holographic strip and

• the puzzle number or see-through number.

“The typical modus operandi is for the passer to make an inexpensive purchase and pay with a large denomination, in turn receiving a large percentage of change back in authentic currency, leaving the bogus bill in the till. Feel, look and flip the bank note to check the security features.” said Corp. Dan Moskaluk.

For more information on counterfeiting prevention go to the Bank of Canada website at http://www.bankofcanada.ca/banknotes/counterfeit-prevention/.