G4S Africa supports small business development thr... » The latest product in the G4S Deposita range is a smart safe system called mini-pay that holds up to... Commissioner's statement following incident in Man... » This is an utterly appalling attack. My thoughts are with the people of Manchester as they try to co... UPDATE: Policing events in the Capital » Following the horrific terrorist attack in Manchester last night, in which 22 people were killed and... Statement from Assistant Commissioner » Statement from Assistant Commissioner Mark Rowley, Head of National Counter Terrorism Policing: The... Met intensifies policing activities in London fol... » The Metropolitan Police Service (MPS) has increased police numbers and operations across the Capital... OF FOOLS OF THE MIDDLE BELT, ONE NORTH AND PASTORA... » Please visit also: www.scorpionnewscorp.com SERIES: BUHARISM AND THE FIERCE URGENCY OF NOW A treat... Home Secretary’s statement on the Manchester attac... » I know that some people will only just be waking up to the news of the horrific attacks in Mancheste... Checkpoint Systems unveils Bug Tag 2 loss preventi... » Checkpoint Systems has announced the launch of Bug Tag 2 – an innovative loss prevention solution th... Edesix launches new head and torso mounted body wo... » Edesix has announced the launch of new head and torso mounted cameras. The X-100 is a side-mounta... Banknote Watch offers essential advice as old £5 i... » As of Friday 5th May 2017, the paper £5 note was officially withdrawn from circulation and no lo...

CLICK HERE TO

Advertise with Vigilance

SOCIAL BOOKMARK

Got News?

Got news for Vigilance?

Have you got news/articles for us? We welcome news stories and articles from security experts, intelligence analysts, industry players, security correspondents in the main stream media and our numerous readers across the globe.

READ MORE

Subscribe to Vigilance Weekly

As of today, Friday 5th May 2017, the paper £5 note will be officially withdrawn from circulation and no longer legal tender. While Banks, Building Societies and the Post Office are likely to accept notes after this date, paper £5 notes can also be exchanged at the Bank of England, either in person or by post, for the new polymer note, which was introduced in September 2016.

 

In light of these new changes, Banknote Watch, a crime prevention initiative, is providing members of the public with advice on how to identify legitimate polymer £5 notes. The Bank of England advises that while only a small proportion of notes are counterfeit – 0.0075% in 2015 – the new polymer notes have an array of security features that will make them even harder to counterfeit. For one, there is a large see-through window on the note with a clearly defined portrait of the Queen printed on it and the words ‘£5 Bank of England’ printed twice around the edge. A finely detailed metallic image of the Elizabeth Tower is also positioned over the window; the foil is gold on the front of the note and silver on the back, creating a multi-coloured rainbow effect when tilted. Other security features include a silver foil patch on the front of the note beneath the see-through window. When the note is tilted, the word ‘five’ changes to ‘pounds’ accompanied by a multi-coloured rainbow effect. A complete checklist of the security features can be found on the Bank of England’s website: http://www.bankofengland.co.uk/banknotes/Documents/thenewfiver.pdf

Discussing the new notes, Victoria Cleland, Chief Cashier at the Bank of England, explained: “Polymer banknotes are cleaner, more secure, and more durable than paper banknotes. They provide enhanced counterfeit resilience, and I would encourage everyone to learn about their exciting security features.”

While it is important to be on the lookout for counterfeit notes, it is also essential to take action if you come across a dye stained note. A damaged note with staining on it is likely to be a stolen note, as dye based systems are often incorporated into ATM machines or cash boxes. If forced open in a robbery, a coloured, liquid dye will be released, staining the notes and making them easy to identify as stolen. The dye itself also contains a DNA solution, meaning the note can be traced back to its original location if returned to the Police – a vital step in helping to catch these criminals.

When coming across a dye stained note, it is very important for members of the public and businesses to hand the notes back into a Bank, Building Society or a Post Office. Staff will then provide a BEMN form, which is used to return the banknote to the Bank of England. You will then obtain a refund of the face value of the note, provided the note is genuine.

“It is essential for everyone to understand that a stained note is probably a stolen note,” explains Hilaire O’Shea, National Coordinator for Banknote Watch. “We have created guidelines for the public and retailers on the Banknote Watch website. By following the proper procedures and returning the banknotes to the Bank, you are playing an essential role in fighting this crime and aiding the Police in identifying where the stolen note came from.”