Increased use in counterfeit currency

The Kelowna Central Okanagan RCMP want to alert local businesses and retailers to a concerning trend. There has been a notable increase in counterfeit U.S. currency making its way into local businesses, especially in the form of $20 and $50 bills.

“Counterfeit bills can result in direct financial losses for businesses and independent retailers, especially small businesses like convenience stores, gas stations and restaurants who may not have the tools or training to detect them and may be more likely to accept cash quickly during busy hours without being able to thoroughly inspect them,” says Cpl. Allison Konsmo Media Relations Unit.

Counterfeit bills may appear convincing, but there are often subtle signs including missing or incorrect watermarks, no security thread, bills that are off colour, the same serial numbers for each bill, blurry or misaligned print or unusual texture.

What can you do?

• Train Your Staff: Ensure employees are familiar with the look and feel of genuine currency and know how to check for security features, inspecting cash carefully,
• Use Detection Tools: Invest in counterfeit detection pens or UV light scanners to help identity fake notes,
• Stay Informed: The Bank of Canada offers resources and guides on how to identify counterfeit currency,
• Report Suspicious Activity: If you suspect a counterfeit bill, contact the RCMP immediately. Do not return the bill to the customer—note their description and any relevant details about the transaction. Preserve the bill in a protective envelope or bag and avoid handling it further.

Counterfeit currency affects everyone from small businesses to customers. Police are encouraging the public to share this post with fellow business owners and staff to help raise awareness and reduce the risk in our community. By staying vigilant, educating staff, and using proper detection tools, businesses can reduce their risk and help authorities combat this growing issue.