Yesterday, Bank of Canada unveiled four public service announcements (PSAs) at Toronto Police Service headquarters.
“The Bank of Canada takes counterfeiting very seriously and responds by researching and developing new notes with innovative security features that are both easy to check and hard to counterfeit. The Bank of Canada will be unveiling four new public service announcements to help educate the public and assist in the prevention of Financial Crimes.“
During the post-press conference Q&A, Bank of Canada representative confirmed with this reporter that since the launch of the new polymer $100 notes in November 2011, there have been attempts to counterfeit the polymer $100 notes and the counterfeit $100s were in circulation. Fortunately, according to the Bank representative, the quality of these counterfeit C$100 notes were of very poor quality, for example, these counterfeit notes didn’t even have the transparent windows, one of the most obvious and easily verifiable security features. Which is why the Bank is emphasizing the importance of educating the public to detect counterfeit polymer notes. You can watch my questions and the Bank representative’s answers at the 20:00 mark of this YouTube video.
A good way to check bank notes is FLP (Feel, Look, and Flip) as explained here at the 3:20 mark.
Some readers may remember I’ve previously written about polymer banknotes since Bank of Canada first announced (in March 2011) that it would launch polymer notes in Canada. The following are my in-depth research articles based on information known or found at the time.
November, 2011, “Canada polymer $100 banknote hands-on look finally! (with video)”
Note: See also this 660 News article reporting about the BoC press conference, “Bank of Canada launches fraud prevention campaign“.
Note: article is cross-posted to examiner.com