Security Technology
A Closer Look At The Security Features On The New Canadian $20 Bill
The Bank of Canada unveiled a new $20 bill last week, the latest banknote in their polymer series. The note is the third bill to be released in the series and features several security features to prevent counterfeiting. There are nine distinctive features on the new $20 bill: – Raised Ink: This feature appears on [...]
Saudi Scientists Create Banknotes With RFID Tags
Scientists in Saudi Arabia have created banknotes containing radio frequency identification (RFID) to prevent counterfeiting. In the world of specialty paper, RFID tags or chips are typically associated with electronic passports. Containing a carrier’s biometric information, the RFID chips facilitate faster and more secure passage at border crossings. Researchers at the King Abdullah University of [...]
Metal Detectors Could Detect Smuggled Notes
New research from the University of Washington shows that metal detectors at security checkpoints were able detect and count smuggled stacks of banknotes. According to an article published by Gizmodo, “physicists Christopher Fuller and Antao Chen found that ordinary handheld metal detectors were ale to recognize magnetic ink in a single dollar bill from just [...]
Czech National Bank Counterfeit Cash App
A new phone app has been unveiled by the Czech National Bank Counterfeit Cash App which it says will help consumers identify counterfeit money, using detailed photographs and descriptions of all valid versions of Czech banknotes and coins. The Czechs see value in protecting their traditional currency, the koruna as the Euro is coming under criticism [...]
£30,000 Counterfeits Made
Using digital images of real money and an ink- jet printer, almost £30,000 in fake bank notes were counterfeited. On Monday at the Glasgow Sheriff Court, Ian Beaton admitted to creating the fake notes. After police searched his car near Aberdeen and found £2000 of seized counterfeit notes with his fingerprints on the envelope the [...]
‘Class A’ Fake Notes
Increasingly sophisticated techniques with counterfeiters are throwing up a huge challenge to authorities and money exchange houses with to forge notes with most of the security features used in real currencies, said forensic experts in Dubai. The Indian rupee has emerged as the currency of choice, overtaking the US dollar in 2011 by currency forgers, accounting for 10,700 [...]
$1M Worth of Bogus Bills Seized in BC
RCMP in Richmond, B.C. seized more than $1 million in fake Canadian $100 bills yesterday breaking up one of the largest counterfeit rings ever in the province. The bogus bills were being produced in an apartment mostly with an inkjet printer. When the RCMP arrived to raid the apartment, the process of manufacturing the bills [...]
The Globe and Mail Investigates Canada’s Counterfeit History
As more and more Canadians find the new polymer $100 bill in their wallets and in their bank accounts – the Globe and Mail takes a look at the country’s recent history with counterfeiting. The first time counterfeiting hit the radar of the Bank of Canada in major way was in the 1980s. In an [...]
Behind The Scenes of the New Canadian Banknote
With just a few weeks to go before the first banknotes from Canada’s new series enters into circulation, here’s a behind the scenes look at the development of the new polymer notes. The development of Canada’s new polymer banknote series began nearly five years ago at the Bank of Canada. An advanced team of engine [...]
Tackling Counterfeit Transit Passes
A report by Edmonton’s city auditor, David Wiun, said the city lost nearly $30,000 last winter due to a rash of counterfeit transit passes. Wiun’s report comes on the heels of an investigation by the Edmonton police, Edmonton Transit Service and the city’s corporate security department, all of whom had been following leads and tips [...]
