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Wave of counterfeit £20 notes circulating through Suffolk

A wave of crimes across Suffolk involving counterfeit £20 notes has forced police to issue a public warning to all local businesses.

A number of small businesses in the county have been fooled into accepted the fake bank notes in exchange for goods and change in the past few days.

According to edp24.co.uk, counterfeit notes have reported in Beccles, Wangford, Aldeburgh, Saxmundham, Walberswick, Eyke and Woodbridge. The majority of incidents involved individuals paying for small low-value items with the notes and receiving plenty of change.

Police have warned shopkeepers to keep a look-out for the fake bills, which are reportedly heavier and of a different texture to a standard £20 note.

Business owners may wish to consider the SafePoint i-range - a state-of-the-art cash management system that increases the profitability of your cash cycle by; Freeing up time and resources – it removes the need for manual cash counting, reconciling and reporting and simplifies till administration, Eliminating shrinkage – cash is instantly secured, and closed cash handling means it cannot be accessed, Identifying forgeries at point of sale – counterfeits are rejected and don’t enter the cash cycle, Providing cash visibility for every device – you know exactly how much cash is at any point of the cycle, giving you complete transaction transparency and Offering detailed, automatic reporting – our i-care system is included as standard, allowing you to analyse your cash cycle and increase its efficiency and profitability.

The Diss Express reported on one incident in particular, where staff realised that the notes were fake and did not accept them from their customer. However, there have been many more where businesses have accepted the notes and subsequently lost out on profits, so taking the appropriate security measures is crucial.

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