US Edition‘They Are Extremely Credible’: Retail Council of Canada Warns About Fake Bills
Counterfeit bills have become nearly undetectable, with more fake notes found in one month than all of last year, prompting calls for stronger police resources.
- Michel Rochette, president of the Retail Council of Canada's Quebec division, warns of a recent surge in high-quality counterfeit bills that are extremely difficult to distinguish from real currency.
- Rochette urges consumers and merchants to be vigilant, stating the importance of educating people to limit the spread of counterfeit bills, which contribute to $9 billion in annual losses from theft and fraud.
- Rochette calls on governments to provide more resources for law enforcement to combat this organized criminal activity involving counterfeiting, which can escalate to violence if left unchecked.
47 Articles
47 Articles
"It's all about fire," says the Retail Council of Canada, which calls for a tougher fight against fraud.
The Retail Council of Canada (RCC) is sounding a alarm about the marked increase in counterfeit notes of $20, $50 and $100 that have been in circulation since November.
Winnipeg Free Press
Significant increase in the circulation of counterfeit bills in retail stores
Breaking News, Sports, Manitoba, Canada
The Retail Council of Canada has warned that since November, the circulation of counterfeit $20, $50, and $100 bills has increased dramatically, with the number of counterfeit bills detected in one month already exceeding the total for the entire previous year.
The Retail Council of Canada (RCC) has been sounding alarms about the marked increase in counterfeit notes of $20, $50 and $100 in circulation since November. The association reports that it has even discovered more in a month than it has been throughout the year. Forgers have so refined their techniques that it has become almost impossible to detect these counterfeit notes, even for an informed eye, says the president of the Quebec division of …
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