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Police in Saskatoon are warning the public to be on the lookout for fake bills in both the buy-and-sell market and at retail businesses.
Since the start of November, the Saskatoon Police Service said officers have received eight reports of fraud involving counterfeit money. Most recently, two separate incidents involved fake $100 bills that were used to defraud a business and an individual out of several thousand dollars.
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The police force encouraged businesses and individuals to thoroughly check their money during any cash transactions.
Police asked businesses and the public to check bills carefully to ensure they are authentic. (Moose Jaw Police Service/Submitted)
The Saskatoon Police Service noted that modern Canadian bills, known as the Frontiers series, are made from a single piece of polymer material with many security features, including:
- a colourized holographic portrait and building in the large transparent window that changes colour when tilted. Flip it over to see the same from the back;
- a transparent outline on the frosted maple leaf window;
- maple leaves that border and cross into the large transparent window;
- a unique serial number; and
- raised ink on the large number and the words “Banque du Canada” and “Bank of Canada.”
Saskatoon police reminded community members to use the buy-and-sell parking stalls located in the west visitor parking lot of police headquarters on 25th Street, where transactions can be conducted safely. The stalls are marked with green paint and signage.
Anyone who believes they have been the victim of a counterfeit currency transaction was advised to contact police.
More information about the security features of modern Canadian bills can be found on the Bank of Canada’s website.
