OTTAWA, Sept. 8 /CNW Telbec/ - Have you noticed cashiers paying extra
attention to your money lately? They're checking the security features in
Canada's bank notes to protect you and their business against counterfeit
A whole lot of security is packed into every bill
To stay ahead of counterfeiters, the Bank of Canada issues bank notes
with security features that are quick and easy to check to make sure that
money is genuine. Cashiers are the front line in the fight against
counterfeiting. They check bank notes because most fake bills get into
circulation at the checkout counter.
Cashiers check to protect!
When cash-accepting businesses make it a routine practice to verify
bills, they help:
- ensure that you do not inadvertently get a counterfeit bill in your
- prevent financial losses due to counterfeiting;
- create a safer marketplace by helping the police take counterfeit
bills out of circulation, or by preventing fake bills from entering
the cash supply in the first place;
- deter organized crime (a major producer and distributor of
counterfeits) from making profits that will fund other illegal
activities in our communities.
What you can do to reduce counterfeiting crime
1. Expect the check! Think of checking bills as the authorization
process for cash transactions, just like verifying a credit card
signature or getting an electronic authorization for debit card
payments. These normal business practices help protect against fraud.
2. Make it a habit to routinely check the security features in your
bills before accepting them. It takes just seconds to do.
3. If you or someone you know works in a cash-accepting business, pass
on the word about bank note security. Free information and training
materials are available at www.bankofcanada.ca/en/banknotes or by
calling the Bank of Canada toll free at 1 888 513-8212.
For further information:
For further information: Jeremy Harrison, Bank of Canada, (613)