The Saskatoon Police Service says it has received eight reports of fraud involving counterfeit currency since November.

In addition, in recent days there have been two separate incidents where a business and an individual were defrauded of several thousand dollars involving scam artists using counterfeit hundred-dollar bills.

Modern Canadian bills, known as the Frontiers series, are made from a single piece of polymer material and there are additional security features to watch for such as a colourized holographic portrait and building in the large transparent window that changes colour when tilted. If you flip it over, you’ll see the same from the back. Both businesses and individuals are encouraged to inspect bills if you are taking cash in a transaction.

As well, as a reminder, there is the Buy and Sell Exchange Zone parking stalls located in the west visitor parking lot of the Saskatoon Police Service Headquarters where safe property transactions can be conducted.

If you think you have been defrauded, residents are urged to contact Saskatoon Police.

Security features include:
-A colourized holographic portrait and building in the large transparent window that changes colour when tilted. Flip it over to see the same from the back.
-A transparent outline on the frosted maple leaf window
-Maple leaves that border and cross into the large transparent window
-Raised ink on the large number and the words “Banque du Canada” and “Bank of Canada”
-Compare serial numbers; each bill should have its own unique serial number