Why does Secret Service handle counterfeit?
By the end of the Civil War, nearly one-third of all currency in circulation was counterfeit. As a result, the country’s financial stability was in jeopardy. To address this concern, the Secret Service was established in 1865 as a bureau in the Treasury Department to suppress widespread counterfeiting.
Does the Secret Service investigate counterfeiting?
The Secret Service has primary jurisdiction to investigate threats against Secret Service protectees as well as financial crimes, which include counterfeiting of U.S. currency or other U.S. Government obligations; forgery or theft of U.S. Treasury checks, bonds or other securities; credit card fraud; telecommunications …
Is the Secret Service accepting counterfeit money?
Law enforcement agencies, banks and cash processors will submit suspected counterfeit currency to the Secret Service through our USDollars website.
How does the Secret Service identify counterfeit money?
Security Thread All genuine FRNs, except the $1 and $2, have a clear thread embedded vertically in the paper. The thread is inscribed with the denomination of the note and is visible only when held to light. Each denomination has a unique thread position and glows a different color when held to ultraviolet (UV) light.
What do I do if I receive a counterfeit bill?
Contact your local police department or call your local U.S. Secret Service Office. Write your initials and date in the white border area of the suspected counterfeit note. Do not handle the counterfeit note. Place it inside a protective cover such as a plastic bag or envelope to protect it.
What do you do if you find a counterfeit bill?
Contact your local police department or call your local Secret Service office. Write your initials and date in the white border area of the suspected counterfeit note. Do not handle the counterfeit note.