Everything you need to know about the fake notes with identical serial numbers in 60 secs


When you first hear about this, you’ll probably be thinking: who will have the guts to do something like this in Singapore? Singapore so small, you’ll be caught sooner or later. Don’t stupid can.

Well, it happened. If you have not heard, a man was arrested for allegedly producing counterfeit notes and using said fake notes to purchase items. Here’s everything you need to know about the case (so far).

Counterfeit notes discovered and reported to the police
On 26 May 2016 at 10 am, a report of someone allegedly using counterfeit $50 notes at a convenience store located in the vicinity of Hougang Street 91 was made to the police.

WhatsApp message about counterfeit notes circulating

Image: channelnewsasia.com
Image: channelnewsasia.com

A photo on the counterfeits has been making its rounds in WhatsApp depicting two $50 notes with the same serial numbers.

Arrest of male suspect
On the same day at around 3.15 pm, the arrested a 52-year-old man. A printer, a bag and several $50 notes which are suspected counterfeits were seized by the police as well.

Investigations into the case are still underway. If convicted of using fake notes, a person can be given a jail term of up to 20 years, fined or both.


Findings so far
According to Channel NewsAsia, the police mentioned that the counterfeits are believed to be photocopied and lack many of the security features MAS has introduced to prevent reproduction by individuals.

“They contain simulated kinegram (octagonal reflective foil) which is distinctively different from those on genuine notes. The image on the simulated kinegram does not shift when the note is tilted. The surface of the counterfeit notes also lacks the embossed feel on genuine notes,” police said.

The police added that the serial numbers of fake notes found so far are as follows:

Image: channelnewsasia.com
Image: channelnewsasia.com

What can you do if you suspect yourself of receiving a fake note
If the suspected person is handing the note to you, you can attempt to delay them and call the police. You should also take note of their distinguish features such as height, gender, race, language, dialect, or any accessories like tattoos or ear studs.

Upon receipt of the fake note, immediately put it into protective cover like an envelope and give it to the police. If the suspect drives, take note of the vehicle registration number.

What else?
If you remember taking $50 notes from anywhere else other than the ATMs, it might be a good idea to check through your wallet to see if you have any of such fake notes in your possession. MAS has a guide on identifying genuine notes on their website.

Alternatively, you can just take a look at the guide on identifying a real S$50 note below:

Image: channelnewsasia.com
Image: channelnewsasia.com

And if you happen to stay in the northeast, it might be a good idea to check the notes in your wallet unless you’re like some of the writers in the office who don’t go out with $50 notes at all—cause that’s all they have left in their bank accounts.



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