With Black Friday around the corner, retailers in New York state are being offered increased training in the detection of counterfeit money.
Considered to be the official kick-off to the American holiday season and one of the busiest shopping days of the year, law enforcement officials say it is also a peak time for counterfeit circulation especially in Albany where there has been a significant increase in counterfeit currency over the past year.
“Officials say counterfeiters use the region’s highways system and the multitude of retailers to exchange bogus dollars for merchandise and gift cards, then leave the area quickly,” reports The Wall Street Journal.
Secret Service members will be on hand at a shopping mall in suburban Albany to provide in-depth training to retail staff. The Secret Service has also been offering training in other states such as Illinois in preparation for the holiday kick-off.
Informing the public on counterfeit recognition is one of the main duties of the US Secret Service. Over the past year, they have been issuing video podcasts on NewMoney.gov aimed at helping businesses and consumers protect themselves against fake bills.
When looking for counterfeit bills, Kelley Harris, US Secret Service Counterfeit Specialist, says retailers and consumers should check the easy-to-detect security features on American currency such as watermarks, security threads, microprinting, and intaglio (raised) printing.
Wall Street Journal: “NY Retailers Offered Anti-Counterfeit Training”
Northwest Herald: “Police Offer Counterfeit Detection Workshop”
Global Paper Security: “New Video Podcast Educated Public About Banknote Security Features”