|A guide to Counterfeit Detection|
We have a broad range of counterfeit detection products availible for you to purchase.
Below you will also find some useful tips for tracing fake bank notes etc, and methods for preventing counterfeit money being used to buy items from your business.
Counterfeit currency - The problem
According to SOCA (The Serious Organised Crime Agency) Organised criminals involved in currency counterfeiting in the UK produce a variety of banknote types, including Bank of England and Scottish sterling and euro notes.
The volume of counterfeit Bank of England banknotes taken out of circulation increased by 136% between 2007 and 2008. The most heavily counterfeited note was the 'Adam Smith' GBP 20 note. The Bank of England judges that almost all counterfeit notes are removed from circulation quickly as a result of retailers banking their takings.
Between 2005 and 2008 the level of euro counterfeiting increased Europe-wide. The number of counterfeit euros recovered in this period rose from EUR 500,000 to EUR 600,000. UK-based organised criminals are producing high quality counterfeit euro banknotes using both lithographic and desktop counterfeiting techniques.
Methods of detecting Counterfeit Currency
UV Lamps and Lights
Ultraviolet Lamps and UV Lights are recommended to detect UV Markings in the field of property marking but they are also ideal for countefeit detection as well. Most Currencies and Banknotes have unique Ultraviolet marks contained within the notes to make it difficult for counterfeiters to copy.
Through the use of these UV fluorescent inks in banknote production, it is possible to print bank notes with a mark that is difficult to accurate reproduce with colour copying and printing techniques.
The unique security features of a note mean that by using UV Lights and Lamps a retailer or business can check to see money is not counterfeit.
Counterfeit Detector pens contain an iodine based ink. They can be used to detect counterfeit bank notes from genuine currency when applied to any suspect note. Typically, real banknotes are printed on paper with cotton fibres, and do not contain the starches that react with iodine.
When the pen is used to mark genuine notes, the mark is yellowish or colourless . However on application to fake currencies it will leave a dark (black or brown) mark to identify a counterfeit note. Counterfeit pens are most effective against notes printed on standard printer or photocopier paper.
What If You Find A Fake Banknote?
Unfortunately if you do find a counterfeit note after you have accepted it, you stand to be the loser. If you accidentally accept a bank note that you suspect is a fake, you need to take it to the police.
Trying to spend it is against the law, and if caught you could conceivably end up in court. You probably won't be recompensed for turning the note in, but you will be doing your duty and staying on the right side of the law.
This is why it is even more important to detect the false note before accepting, thus saving you time and money.