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News

Stained Banknote Website Assists Retailers

British Security Industry Association (BSIA) : 29 August, 2012  (Technical Article)
Businesses handling banknotes have access to a new web site providing information on handling stained currency
Stained Banknote Website Assists Retailers

Banknote Watch recently launched a new website to renew its commitment towards providing useful and accessible information to businesses as well as members of the public and the Police on what to do with stained banknotes.

The crime prevention initiative aims at preventing criminals from profiting from the proceeds of crime by raising awareness about the provenance of stained notes, and encouraging their withdrawal from circulation. It unites the manufacturers, installers and users of cash degradation systems with the Government and Police, and is supported by a number of industry bodies such as the British Security Industry Association (BSIA).

The new site provides businesses with a wealth of information on what to do and who to contact should they come across a stained note. Business owners will also be able to access advice on how to deal with customers that are using stained notes as a payment method.

Hilaire O’Shea, acting Co-Chair at Banknote Watch, was heavily involved in the development of the new site, and commented: “One of Banknote Watch’s key aims is that of educating businesses, members of the public and Police about the fact that stained notes are likely to be stolen banknotes, often obtained in a violent way at the expense of retailers or cash in transit couriers. With people increasingly turning to the internet to find answers to their problems and questions, there was therefore a real eagerness from the group to improve our online presence.

“As well as targeted advice for businesses, our new site provides ample scope for interaction with Banknote Watch members, via a number of social media channels. These allow visitors to keep updated on latest developments of the initiative, and get in touch with manufacturers, fellow Police members and businesses to find out how Banknote Watch can help.”

Andrew Gregory, long-standing member of Banknote Watch and Crime Prevention Design Advisor/Crime Reduction Officer at West Midlands Police, commented: "The new website is a welcome addition to the already indisputable value that the Banknote initiative offers to Police, businesses and members of the public in raising awareness regarding the issues and provenance of stained banknotes."

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