Counterfeit Singapore Dollar Bills in Circulation

Following several reports of counterfeit $100 and $50 bills over the months of March to May, the Singapore Police Force (SPF) have arrested 3 men who are now facing charges for offences regarding the counterfeit bills. The public was notified and advised on Tuesday (11 June) to be careful of such fake bills.

 

How to tell if note is a counterfeit

The fake notes are believed by the police to be photocopied reproductions which lack certain security features that the genuine notes have. Namely, the watermark (image of President Yusof bin Ishak that can be seen when held up to the light) and security thread ( thread interwoven running vertically down the note).

Additionally, according to the advisory, ‘the surface of the counterfeit notes also lacks an “embossed feel”, unlike on genuine notes’ and the simulated kinegram (octagonal foil on the front of the note) on the counterfeit does not shift as the note is tilted.

 

Course of action when you encounter a counterfeit note

When engaged in such a situation, it has been advised to delay the suspect and call the police immediately.

Note down identification features (gender, age, race, etc.) of the suspect and place the notes in a protective covering to prevent further tampering of evidence before handing it to the police.

 

Penalty

Those convicted of using counterfeit notes may be jailed for up to 20 years and fined, while those being in possession of such notes can be accorded a jail term of up to 15 years.

 

Source: https://www.straitstimes.com/singapore/be-wary-of-fake-50-and-100-portrait-series-notes-police

admin