(PRWEB UK) 26 September 2012
With colour printers and other devices making it simpler than ever before for criminals to produce counterfeit money, many retailers in Britain are suffering financial loss as a result.
Online security provider Crime Prevention Products has issued the Top Two Tips to help businesses tackle this problem.
Tip 1 – Using Government Measures and the Right Equipment to Detect Fake Money
British pound notes have a number of safety measures instilled in them during manufacture to help people identify counterfeit banknotes more readily. They are imbued with a magnetic strip, ultra violet inks and watermark plus infrared features which can be quickly seen using affordable modern technology. These include UV lamps which work by a person quickly passing the cash under UV illumination to see if it measures up, however one of the best ways to both ensure money is genuine as well as to count it efficiently is to use Banknote Counters. Once purely in the domain of financial institutions, these machines are now affordable enough for every retailer or business which handles cash to be able to own one.
Reputable banknote counters should be able to check most world currencies for forgeries as well as count large amounts of cash within seconds. Ideally, they should also be able to scan for UV, magnetic and infrared properties – if a fake note is identified, they should immediately sound an alarm and stop the machine.
Tip 2 – Implement a Policy and Educate Staff on Recognising Counterfeit Cash
Security companies agree that busy retailers need to make it clear to their employees that they need to stick to careful safety measures when it comes to handling cash – even if they are busy, they should always take the time to quickly check each note using a UV torch, as well as use Counterfeit Detecting Machines when tallying up the till. There is also some useful advice and educational materials available for identifying fake money at the Bank of England website.
Terry Rattee, CEO of Crime Prevention Products, concluded: “With banknote counters and other easy yet affordable devices such as UV torches, retailers and other businesses can effectively minimise losses that stem from forgery artists. These types of devices are not only highly effective at detecting counterfeit money, they act as a deterrent to opportunistic criminals, especially those who pass off small denomination notes in the hopes of getting them past busy retail staff – if these types of criminals see counterfeit detection in operation, they will think twice about trying to run their scam. ”