ACAPMA is alerting all members nationwide that counterfeit $100 and $50 notes are again circulating in retail. With the fakes now extending to the more sophisticated NEW style notes communication and vigilance is required instore to avoid getting stung.

“What is important to note is that unlike most recent counterfeit circulations, at the moment both the old AND the new versions of the $50 and $100 notes have high quality fake notes out in the retail market”, explains ACAPMAs Elisha Radwanowski.

“One NSW member has been fully across communicating to staff about the more common fake OLD $50 and $100 notes, and has been able to capture and refuse to accept a heap of them, however just this week they have been presented, and accepted $800 in fake NEW $100 notes”.

“While the fake OLD notes are usually identifiable by looking for the word “prop” or “specimen” as well as deficient holograms or microprint, these fake NEW notes are much more convincing and much harder to spot in a high pressure retail sale situation”, continued Elisha.

“What members should be doing now is communicating to staff that they have to be closely checking both NEW and OLD $50 and $100 notes. Sites should be on the look out for very small transactions made with very large bills – as that is the point of this targeted circulation of counterfeit cash, to convert it to real money in the form of change from the till”.

“The fake NEW notes do not appear to have the coloured holograms in the main clear windows, in addition to other security feature giveaways, this is the fastest one to check instore on the go, and all staff should be reminded to check EVERY note”, concluded Elisha.

Spotting a Fake Note

Fake NEW $50 and $100 notes are missing the coloured holograms in the main clear window;

 

ACAPMA
In NSW this week, the OLD fake $50 and $100 are also circulating…

Police issue warning over counterfeit notes handed to NSW businesses

NSW residents have been warned to be on the lookout for counterfeit cash after police seized $2600 in fake notes.
The notes were handed to businesses in the state’s Hunter Valley region at businesses in Cessnock, Kurri Kurri, Muswellbrook, Scone, Singleton, Blandford, Cliftleigh, Glendon, Merriwa and Middle Falbrook between May and this month.
Police are now investigating the source of the notes.

Police have urged people to be aware of the signs of a fake note.
If you suspect you have counterfeit cash in your possession, it is important to feel the note as genuine cash is printed on special plastic polymer and is difficult to tear, officers said.
A telltale sign of a fake is if words such as “prop” or “specimen” mark the note.
You should also hold the note to the light and look for the Australian coat of arms.
This is generally located to the left of the clear window or denomination numeral when looking at the front of the note.
Another way to tell the difference is to compare the background printing, looking for any distortions or less clearly defined patterns.
Feel for slightly raised printing on the main design of the note and look for the seven-pointed star inside a circle.
Check that the note has a clear window and that it has a clear printed image.
The $50 note has the Southern Cross and the $100 note has the lyrebird.
If possible, look under a UV light to locate the serial numbers.
In recent months, counterfeit cash has also been found in other states, including South Australia and Tasmania.

Extracted in full from:  https://www.9news.com.au/national/police-issue-warning-over-counterfeit-notes-handed-to-nsw-businesses/7957469c-1496-49e5-b06d-baf5ea2fe758

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