As the makers of cash counters have long known, counterfeit currency is one criminal trend that seems to never wane. If anything, with various technological advances in recent years, it seems as if law enforcement must constantly be on the hunt for counterfeit bills.
On its official website, the Federal Reserve Bank of San Francisco points out that the U.S. Secret Service was initially created in order to combat the nation's counterfeiting problem as far back as 1865 - a time when nearly one-third of the country's currency was counterfeit.
While the Secret Service did its job well, the number of counterfeit dollars seized by law enforcement has been on the rise in recent years, totaling in the millions. The same holds true for arrests involving counterfeiting.
Meanwhile, as cyber crime website Krebs on Security has pointed out, counterfeit cash is even being sold on forums on the Internet for fraudsters to make use of.
This makes it more vital then ever for law enforcement to invest in tools that will assist in keeping track of the counterfeit money it siezes.
Benefits of cash counters
The primary advantage of using cash counters is that they can ensure accurate records about the currency in circulation, proving bills are genuine.
However, the benefit for law enforcement personnel who already know that money is counterfeit is the hundreds of hours saved, as an advanced cash counter can scan and record bill serial numbers at a rate of 1,200 bills per minute.
Of course, criminals aren't the only ones who can make use of modern technology. Law enforcement can use cash counters that store records of bills digitally, allowing them to be shared with other agencies or used as evidence.
Featuring safeguards as sophisticated as magnetic sensing, enhanced ultraviolet and advanced analytics, using quality counterfeit detection tools gives law enforcement the edge it needs.
January 5, 2015