Counterfeit Machines and Money SOP

Transcription

1 Counterfeit Machines and Money SOP Standard Operating Procedure Palmetto Goodwill uses Royal Sovereign counterfeit machines at every register. These machines are able to verify the validity of paper currency, counterfeit bills. All denominations $20 and above are required by policy to be checked with the counterfeit machines. However, it is strongly recommended to check $5 bills and above. There are two versions of counterfeit machines currently available in the stores. One of these models will be located at each register. If the counterfeit machine at the register is not working, report it to the manager on duty. The manager on duty needs to submit a LP Helpdesk ticket by to gwlp@palmettogoodwill.org. A replacement counterfeit machine will be sent to your store. Royal Sovereign RCD UVP2 The Royal Sovereign RCD UVP2 Ultraviolet Portable Counterfeit Detector easily detects fake bills and ID s. The unit also includes a bill detection guide. The ultraviolet light easily detects security thread on currency and holographic images on IDs. The RCD UVP2 is small enough to fit in your pocket, allowing you to carry it anywhere. Easy to Use The RCD UVP2 makes detecting counterfeit bills and IDs with a simple and quick process. When presented with a questionable bill or ID, simply view the document through the viewing lens on the RCD UVP2 and press the button on the side to activate the UV light. Check for either the glowing security threads and/or holographic images on IDs to prove the bill or IDs authenticity. Ultraviolet Detection

2 Authentic US bills come with a security thread that will glow a certain color when placed under the UV light. The UV detection guide that is located on the top of the unit will show you what color the strip will glow on $20, $50, and $100 bills. The security thread will glow green on a 20 dollar bill, yellow on a 50 dollar bill, and red on a 100 dollar bill. The strip will also glow on $5 and $10 bills. Includes a US Security Chart Guide All Royal Sovereign counterfeit detectors come equipped with a US security chart guide. This guide will help you determine if a US bill is authentic or counterfeit by diagramming the location of the markings present on all genuinely minted US bills. Royal Sovereign RCD 2000 As the image below shows, the machines offer 4 levels of verification: The ultraviolet light detection; the white light (watermark verification); the magnetic ink detection; and the microprint detection (magnifying glass). Ultraviolet Light Detection The Ultraviolet light detection system allows for easy verification of security threads on bills. All authentic US bills are minted with a thin security thread embedded in the fabric. When viewed under ultraviolet rays, the thread will glow a certain color depending on the bill denomination. Microprint Detection The magnifying lens conveniently equipped on the top of the unit allows for the verification of micro printing, which are tiny text, numbers, and markings hidden in the bill. The most notable micro printing security marking is the text printed on the security thread of each US bill. The print will read different texts according to the bill denomination. Watermark Verification Watermarks are hidden images embedded within the authentic bill's fabric that are difficult to see. The RCD 2000's fluorescent plate will shine light through the bill to reveal a watermark image that

3 is located on the far right side of the bill (bill facing up). The watermark image will resemble that of the person on the bill. Magnetic Ink Detection All authentic US bills are printed with ink that has small traces of iron. The magnetic detection system allows for easy verification of the iron ink. Simply rub a bill face down on the detection plate in a fast, back and forth motion. The RCD 2000's magnetic detection will beep and blink red if it detects this magnetic trait in the ink. Includes a US Security Chart Guide All Royal Sovereign counterfeit detectors come equipped with a US security chart guide. This guide will help you determine if a US bill is authentic or counterfeit by diagramming the location of the markings present on all genuinely minted US bills. These machines are not intended to be left on at all hours. When not in use, the machine must be powered off by flipping the switch on the back of the machine from the 1 position to the 0 position. These machines do not require a warm up period to operate, therefore, they are to remain off until they are directly needed, then they are to be powered off immediately after use. The image below illustrates where this switch is located on the machine. Additional ways to verify counterfeit money (used as backup only) 1. Color shifting ink All denomination of $5 and above from 1996 to current have color shifting ink at the bottom right corner. It will have a copper color when looking straight at it but when rotated it will turn a greenish color. 2. Raised printing If you carefully run your fingernail down the collar/jacket, you should feel an unsmooth texture/ridges.

4 3. Blurry borders, printing, or text If you notice significantly blurry borders, printing, or text, it is an automatic red flag. 4. Watermark-In many of the new bills, the watermark is actually a replica of the face on the bill. In some, it is only an oval spot. There are several things to keep in mind when examining a watermark: The watermark should only be visible when you hold it up to the light The watermark should be on the right side of the bill If it is a face, the watermark face should exactly match the face on the bill (Sometimes counterfeiters use lower bills and just reprint, in which case the face wouldn t match) If there is no watermark or the watermark is visible without being held up to the light, the bill is most likely a counterfeit 5. Security Thread This is one of the most distinctive security indicators of an authentic bill. If you hold any bill up to the light, you will see a security strip on an authentic bill. It will have USA and the Bill s denomination, aka USA 20 running vertically on the bill. Here are the location and colors of the security threads on different bills: $5 Right side. Glows blue under UV light $10 Right side. Glows orange under UV light $20 Far left hand side. Glows green under UV light $50 Right around the middle. Glows yellow Under UV light $100 On left side. Glows pink under UV light

5 If you receive a counterfeit bill, below are the steps to follow: The cashier is to call a manager to the register. The manager is to advise the customer in a non accusatory manner. DO NOT assume they are aware of the counterfeit bill. Confiscate the counterfeit bill, but do not accept it as payment. Preserve the bill so it is touched by as few people as possible. Make a record of who cave the bill, including a description, and if possible name, address, phone number and vehicle information (including tag number). Contact the local non emergency police number to file a report. The police will verify if the bill is in fact counterfeit or a real bill. If the bill is counterfeit, the police will confiscate the bill and provide you with a case number. Inform Asset Protection by to the LP Helpdesk at gwlp@palmettogoodwill.org. If the counterfeit bill is discovered after the sale is processed, at the bank, request a Counterfeit Note Report (SSF 1604) from the teller and report this to both Finance and Asset protection. ssf1604.pdf If you have any questions, please don t hesitate to contact your Asset Protection Department. Christy O'Connell Asset Protection Support Specialist Office: Cell: