Be aware of counterfeit banknote

msmhw on 05/09/2014 - 10:19
Last edited 05/09/2014 - 10:19

saw this post in NSW police force, I thought I should post it on OzB for warning and discussion

https://www.facebook.com/nswpoliceforce/photos/a.39520884618…

NOTE: In the image, the genuine banknote is on top, the counterfeit banknote bottom.
The Commander of the NSW Police Force’s Fraud and Cybercrime Squad has urged the community to be on the lookout for counterfeit banknotes, after an increase in the number of counterfeit notes reported to police during August.
Detective Superintendent Arthur Katsogiannis, who heads up the Fraud and Cybercrime Squad, said counterfeit banknotes have been circulating in numerous locations throughout NSW in recent weeks.
“Since the beginning of August, we have seen an increase in the number of counterfeit banknotes being reported to police,” Detective Superintendent Katsogiannis said.
“During July, we received 41 reports concerning counterfeit banknotes. The number of reports for August was 81.”
Detective Superintendent Katsogiannis added that police have seen a number of different counterfeit notes throughout the last month.
“While the notes we’ve seized have been from a range of denominations, the vast majority are fifty and one hundred dollar notes,” Detective Superintendent Katsogiannis said.
“Some of the counterfeit notes we’ve seized have been printed on paper, and some on plastic. All genuine banknotes are printed on a special form of plastic.”
Detective Superintendent Katsogiannis said there are some key features which distinguish counterfeit banknotes from real ones.
“With respect to the counterfeit notes printed on paper, they tear quite easily,” Detective Superintedent Katsogiannis said.
“Obviously, real notes do not tear.
“As for the counterfeit notes printed on plastic, they feel slightly thicker than genuine banknotes.
“Furthermore, the clarity of the images on the counterfeit plastic notes is not as sharp as it is on genuine ones.
“It’s important that consumers and, in particular, businesses pay close attention to the notes in their possession, and check for all security features.
“If you find a banknote that you are concerned about, please let us know.”
Anyone seeking further information on the security features of genuine banknotes should visit http://banknotes.rba.gov.au/counterfeits.html.

Financial

Comments

  • strikerzebra on 05/09/2014 - 11:16
    +1

    Some printed on paper lol, idiots

    • CodeXD on 05/09/2014 - 11:21

      Americans

    • pjetson on 05/09/2014 - 11:38
      +2

      But apparently they were still able to pass them on…

      • JetBombat on 05/09/2014 - 15:54

        At least to NSW PF

      • [Deactivated] on 05/09/2014 - 15:59
        +1

        I can see how. Cashiers that handle money pretty quickly would be less likely to notice. Likewise people receiving change that includes other money alongside the fake $50 note probably would be more likely to stuff it into their wallets/purses without really noticing the difference.

        Even when receiving cash out of an ATM, I just glance quickly to make sure the right number of notes/cash has come out, and shove it into my wallet (I don't like the idea of standing there flicking through cash in public like that lol).

        I could totally see myself handling a plastic fake without realising. Paper would be more easy to detect just by feel.

  • Davo1111 on 05/09/2014 - 11:35
    +2

    Pretty impressive tbh

    • tomclancy on 05/09/2014 - 15:16

      I'm in printing and it's not hard to replicate a banknote on plastic. Like the one in the FB image, very easy and would cost $0.25 per note. OK it doesn't have the security features (holograms etc) but most people wouldn't know the difference when they are handed it at the register.

      Not that I'm condoning this!!!

  • John on 05/09/2014 - 17:04
    +3

    I've received a fake note once in the past when I did cash out in Caltex. The copy was horrible, a lot worst than what's on the photo. But because we just never get used to checking a note, we just accept it and took it for granted.

    I even went as far as trying to use it to pay for a food at a restaurant the next day, before the girl noticed that its a fake note. Luckily when I went back to Caltex they are willing to replace it with a real one.

    Its not a matter of how close it looks to the original, its a matter of taking advantage of our habit not to check our notes.

  • [Deactivated] on 06/09/2014 - 13:28

    Man, I raised this issue ages ago on the self-checkout thread and received many negative votes due to the ignorance of the ozbargain community. I've seen lots of these around and people are just saying that they are old notes.

    I don't know where the comments on facebook are from, but the notes aren't runny at all. They are printed on real plastic. You need to use a UV light to see the difference. Even fakes come out of the ATMs.

    At least the police are mentioning that the small community of us are reporting it. If we don't look out for these, no one cares.

    • tomclancy on 06/09/2014 - 23:44

      To be fair, its such a small % of the notes in circulation its not a big deal. I totally understand why no one cares.

      And if I get a fake note from an atm (and don't realise it), then pass it on to the next person who doesn't realise, then a monetary transaction has passed between us. Its not like I stole from the next guy. In fact who says a piece of plastic, real or fake, has worth in the first place?

      • csg001 on 07/09/2014 - 11:42
        +1

        "In fact who says a piece of plastic, real or fake, has worth in the first place?"

        The government which runs the country that you live in, which has successfully convinced other countries' governments of the same, says so.

        http://en.wikipedia.org/wiki/Fiat_money

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