RCMP warn Kelowna businesses after spike in counterfeit U.S. cash
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Mounties in Kelowna are urging local businesses to be on alert following a recent spike in counterfeit U.S. currency circulating in the Central Okanagan.
According to RCMP, fake US$20 and US$50 bills are turning up more frequently at small businesses including gas stations, convenience stores and restaurants. Police say many of the affected retailers may not have the tools or training to detect phoney bills, especially during busy periods when cash is handled quickly.
“Counterfeit bills can result in direct financial losses for businesses and independent retailers,” said Cpl. Allison Konsmo of the Kelowna RCMP’s media relations unit.
Police say the fake bills may look convincing at first glance but often have telltale signs, including missing or incorrect watermarks, lack of a security thread, repeated serial numbers, blurry or misaligned print, off-colour ink or an unusual texture.
