Security Features of Foreign Currency

Training Category: Operations

The trade of counterfeit currency is a big challenge over the world and financial institutions are places where most of transactions take place. Some foreign currencies are not so familiar for bankers. Even they don’t know how they look. The system applied in bank is just trace the currency number, customer phone number, keep the Xerox copies of passport and other travel documents. To produce fake documents along with counterfeit currency is trend for fraudsters. If we don’t concern security features of currency and just forward these currencies to central bank and then also to respective institution and finally got counterfeit. Then it will be big problem for banks. The session will address the knowledge about all currencies those are being circulated in our nation.The key part of the session will be providing almost all currencies along with marking features and handling these practically with magnifying glass, UV light, eye sight and sense of touch.