How Grocers Can Address Counterfeit

This post is excerpted from our latest eBook, The Top 5 Asset Protection and Loss Prevention Problems Faced by Supermarkets During the Holiday Season.

The use of counterfeit bills increases during the holidays. The large uptick in transactions during the holiday season means that stores can expect a reciprocal increase in customers using counterfeit cash.

There’s plenty you can do to combat counterfeiting, and most of the solutions are easy to implement when combined with proper employee training. Read on to learn more.

Use tech tools to detect counterfeit cash.

In addition to the employee training measures mentioned earlier, counterfeit detection machines can augment human detection by quickly scanning notes and notifying staff of any fake bills. These tech solutions are particularly useful given the fact that counterfeiters have gotten good at producing currencies that closely resemble original notes.

Here are a few ideas to look into for counterfeit detection:

  • UV lights
  • counterfeit-detection pens
  • magnetic ink detectors
  • infrared viewers
  • machine readable character devices (the most sophisticated counterfeit detection tools)

Develop a plan for what to do when a counterfeiter is caught.

Counterfeiting is a serious crime, however not all who are caught using fake money are even aware they’re in possession of counterfeit bills. This issue doesn’t lend itself to an easy protocol for what to do when such bills are detected, however the U.S. Department of the Treasury’s guidelines are good baseline from which to craft a process for your stores:

  1. Do not put yourself in danger.
  2. Do not return the bill to the passer.
  3. Delay the passer with some excuse, if possible.
  4. Observe the passer’s description – and their companions’ descriptions – and write down their vehicle license plate numbers if you can.
  5. Contact your local police department OR call your local U.S. Secret Service Office.
  6. Write your initials and date in the white border area of the suspected counterfeit note.
  7. DO NOT handle the counterfeit note. Place it inside a protective cover, a plastic bag, or envelope to protect it until you place it in the hands of an identified Secret Service Agent.
  8. Surrender the note or coin ONLY to a properly identified police officer or a Secret Service Special Agent, or mail it to your nearest U.S. Secret Service field office.

Learn more ways to protect your assets and prevent loss this holiday season when you download our free eBook.

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