Security Technology
$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 [...]
Bank Indonesia Increases Banknote Security Features
In order to combat counterfeiting, Bank Indonesia (BI) announced this week that it would be upgrading the security features on its banknotes beginning in October. Using a technique called “rainbow printing,” the new banknotes issued by BI are made by using several colours on a single plate that results in a natural blending of the [...]
BSP Launches Campaign To Detect Bogus Bills
When a country redesigns their banknotes to update the series or enhance their security features, part of the process typically includes finding ways to inform the public of coming changes. From posters, to commercials, to online videos, central banks take on the responsibility of educating currency users of coming changes. The Bangko Sentral ng Pilipinas [...]
Nanaimo Stores See Influx of Counterfeit $100 Bills
Several months before the Bank of Canada introduces a new polymer $100 banknote into circulation, the town of Nanaimo, British Columbia is noticing an influx of fake $100 bills being used at local businesses. Modeled after the current cotton-paper blend banknote, the fakes have been making their way to gas stations, video stores, taxi companies [...]
NEW FEATURES: Laser Surface Authentication
This article is part of a continuing series that looks at security features in development for the security paper industry. Modern day banknotes are equipped with a plethora of high tech security features to prevent illegal counterfeiting. From see through windows to 3D holograms, and from microprinting to watermarks, security features not only prevent fakes [...]
Gibraltar Issues New £5, £20 and £100 Banknotes
The British territory of Gibraltar issued new £5 and £20 banknotes this month, and – for the first time ever – the country has introduced £100 banknotes into circulation. The new notes were part of a series introduced in two phases. The first new notes – the £10 and the £50 – were issued in [...]
India To Increase Security Features on Banknotes
In an effort to reduce counterfeiting throughout the country, the government of India announced this week that they would be increasing security features on their banknotes beginning this summer. Indian Finance Minister Pranab Mukherjee said in an announcement Monday that counterfeiting had become “a matter of great concern” for the country, thus the need to [...]
