How do you handle Counterfeit Notes?

For cases of detection of Counterfeit Notes of 5 or more pieces, in a single transaction, the Counterfeit Notes should be forwarded immediately by the Nodal Bank Officer to the local police authorities or the Nodal Police Station for investigation by filing FIR in the prescribed format (Annex IV).

What is used to detect Counterfeit Notes?

A counterfeit banknote detection pen is a pen used to apply an iodine-based ink to banknotes in an attempt to determine their authenticity.

How do you handle counterfeit money?

Write your initials and the date in the white border areas of the suspect note. Limit the handling of the note. Carefully place it in a protective covering, such as an envelope. Surrender the note or coin only to a properly identified police officer or a U.S. Secret Service special agent.

Where is the counterfeit notes stored?

All Counterfeit Notes received back from the police authorities/courts may be carefully preserved in the safe custody of the bank and a record thereof be maintained by the branch concerned.

How do you report a counterfeit note?

If you suspect that you have a counterfeit banknote, please take it to your nearest police station. The police should fill out an NCO-1 form and provide you with a receipt and incident number. The suspect notes will be sent to the National Crime Agency and if counterfeit to the Bank of England for further examination.

How can you tell the difference between real and fake banknotes?

Here is a list of eight ways to tell if a bill is real or counterfeit:

1. Color-shifting Ink.
2. Watermark.
3. Blurry Borders, Printing, or Text.
4. Raised Printing.
5. Security Thread with Microprinting.
6. Ultraviolet Glow.
7. Red and Blue Threads.
8. Serial Numbers.

How do you check if a note is real?

Below the main see-through window on the front of all the polymer notes, there is a silver foil patch containing a hologram. When you tilt the note from side to side, the words change between the value of the note and ‘Pounds’. A 3D image of the coronation crown appears above the main see-through window.

How do I report fake notes?

Does the Secret Service handle counterfeit money?

The Secret Service safeguards the payment and financial systems of the United States from a wide range of financial and cyber-based crimes. Financial investigations include counterfeit U.S. currency, bank and financial institution fraud, mail fraud, wire fraud, illicit financing operations, and major conspiracies.

How can I tell if a US Treasury note is counterfeit?

Counterfeiters cannot replicate the colors used by the US Treasury. Pay particular attention to the green ink used to print seals and serial numbers on the bank notes. The color used on the Serial number should be dark green and consistent throughout the entire serial number. There should be no color fading or chipping.

How do I report counterfeit currency?

Report Counterfeit Currency Report suspected counterfeit currency to your local authorities. Law enforcement agencies, banks and cash processors will submit suspected counterfeit currency to the Secret Service through our USDollars website.

Can you tell a fake C-note from a real one?

Armed with a sharp eye and knowledge of what to look for, anyone can tell the genuine article apart from the fakes. To supply this knowledge, we are creating a four-part series of short how-tos on spotting the fake C-notes among the real ones. Part one, about serial numbers, is below. This is a closeup of the serial numbers on a genuine $100.

How many counterfeit money bills have there been made?

There have been 56 ca Counterfeit bills, at right, are compared to real money on the left. There have been 56 ca Counterfeit bills, at right, are compared to real money on the left. There have been 56 ca