Increased detection of fraudulent money has prompted government to issue a warning to venues handling cash, to protect against financial losses and minimise criminal influence.
Counterfeit notes are a serious issue where use of banknotes is prevalent, particularly for hotels with gaming, including wagering, Keno and lotteries products.
The Victorian Gambling and Casino Control Commission (VGCCC) stress it is important for operators to have controls in place to detect counterfeit notes and report any instances of such notes being presented.
Crown Casino has in recent months reported a significant increase in the detection of counterfeit notes at its Melbourne Casino.
Staff need to be trained and vigilant when handling notes. They should be aware of the security features on Australian banknotes, typically not present in counterfeits.
Operators are well within their rights to refuse a note if there are concerns it is counterfeit, but the Commission emphasises staff should not take actions that may jeopardise their safety or that of others.
Tips on using Australian currency security features:
Compare the suspected counterfeit note with one known to be genuine.
For older banknotes:
- Hold the suspected counterfeit note up to the light to see a seven-pointed star and the Australian Coat of Arms
- Check there is a clear window that is part of the banknote
- Use a UV light to see if the fluorescent features appear
For newer banknotes:
- Tilt to see the bird’s wings move and change colour, and the number change direction
- Tilt to see a rolling colour effect.
- Use a UV light to see if the fluorescent features appear
If a suspected counterfeit note is received, there are steps to take to report it to the right authorities:
- Store safely: handle the suspect banknote as little as possible and store it in an envelope
- Note details: take note of any relevant information, such as how it came into your possession
- Report to local police or the Australian Federal Police by completing a ‘Suspect counterfeit banknote form’ detailing the circumstances of how you came into possession of the counterfeit to assist police. Send the suspected counterfeit note, with the completed form via registered mail to the AFP address listed on the form
For more information on detecting counterfeit notes, visit the Reserve Bank of Australia’s counterfeit detection guide.
Print this quick guide by the RBA to keep behind the bar.
