Bank of Canada confirms poor-quality counterfeit polymer $100 notes as it launches 4 new PSAs to help educate public to prevent financial crimes

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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.

Full press conference video: Fighting Fraud On The Front Lines ~ Bank of Canada & Toronto Police Financial Crimes Unit

Bank Note Counterfeiting – from Bank of Canada

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.

March 2011, “Secrets of Bank of Canada’s new plastic money: An advance look of 12 possible security features

March 2011, “Bank of Canada’s new polymer banknote – Patents & technologies by Securency International

June, 2011, “Canada New Polymer $100 Notes in Nov 2011 – Now your money is smooth & will bounce!

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

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2 Responses to Bank of Canada confirms poor-quality counterfeit polymer $100 notes as it launches 4 new PSAs to help educate public to prevent financial crimes

  1. C says:

    The problem with bills containing lots of forgery prevention tools is that they appear so anti-counterfeit able, no one would believe that an actual counterfeit bill is actually a fake. Thus making these bills just as easy to forge as old paper ones. The new “clear window” bills for example could be easily faked using Mylar.

    • kempton says:

      Interesting argument even I don’t think your logic is sound. The technologies needed to fake a bill, including the transparent plastic window you mentioned, would be a non-trivial task to gather all in one place, let alone combining them and create a bill.

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