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How to Protect yourself and your business from Counterfeit Money
Counterfeit money is an ever growing problem. The Federal Government is constantly trying to keep one step ahead of the counterfeiters but with today's technology in computers and copyiers, it is very easy for even an amatuer to make bills that can easily be passed to an un-wary business or individual. Forunately there are some steps you can take to help protect your business from accepting a fake bill.
Ten Tips to Protect your business from fake bills
  1. You must make the first line of defense at your point of sale. It does not do you much good to detect the bills after you have accepted them.
  2. Train your employees on how to spot a fake bill. There are some good tips found on this web site maintained by the US Treasury
    How To Detect US Counterfeit Money
    And also this web site that is maintained by the Canadian government
    How To Detect Canadian Counterfeit Money
  3. Keep counterfeit detection pens and/or UV light detection devices at all points of sale Counterfeit detection Devices
  4. Be especially wary of new bills and larger bills. Lookout for anyone passing an unusually large bill for a small purchase.
  5. If you detect a fake bill do not try to apprehend the suspect. Simply refuse the bill and notify authorities as soon as possible.
  6. Do not ever try to pass a known fake bill on to another person, business or financial institution. This is a crime.
  7. Beware of bills that are genuine bills but have corners from a higher denomination bill pasted on them. These bills will not get detected by a counterfeit detector becasue the have all the characteristics of a real bill (which they are). Be sure your cashiers know tho look for the proper photo on each denomination.
  8. Buy a high speed counterfeit detecting counter for checking all your bills while you count your daily tills.
  9. Be aware that counterfeiters tend to hit one area very hard for a week or so then move on when the heat gets to be too much for them. Keep in contact with local police and businesses so you know when an area has unusual activity and during these times you can be more vigilant.
  10. Post a sign prominently in your place of business warning crooks that you employ counterfeit detection devices.


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