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  Addressing The Impact Of Counterfeit Currency

Feb 23, 2016 14:37 ET

DRPS Major Fraud investigators handed out educational material at the Pickering Town Centre today to educate retailers on the issue of counterfeit U.S. currency.

There has been a rise in the amount of U.S. counterfeit currency being passed over the last few months, and officers wanted to let local retailers know what to look for.

The passing of counterfeit currency can have a negative financial impact on small and medium sized businesses in particular. Investigators went door to door at the mall and spent time with store clerks answering any questions and inspecting any U.S. currency they had.

Although not every bill will be fraudulent, it's important for retailers to be educated on counterfeit currency in order to protect their businesses.

Keep the following tips in mind to protect yourself and your business:

* Be sure to educate staff about the security features found on currency
* Re-visit your store policies when it comes to accepting American currency
* Watch for customers making small purchases with large bills
* Never become involved in an altercation with a potential suspect, your safety always comes first
* Contact police with any suspicions

Please see attached "Know Your Money" document for some security features to watch for. You can also visit the Bank of Canada website for examples of fraudulent currency and additional information.

If you suspect counterfeit currency has been passed at your store or you witness someone attempting to pass fraudulent currency, please contact police right away at 1-888-579-1520 ext. 6234.

Below are attached files.
Canvasing Retailers (JPG file, 1,619.1K bytes)
Det. Waters and D/Cst. Hoover (JPG file, 2,646.7K bytes)
Det. Waters discusses counterfeit currency with the media (JPG file, 1,969.4K bytes)
Know your money (PDF file, 2,470.5K bytes)