Yesterday we highlighted some easy yet effective tips to help your business prevent two common types of fraud: counterfeiting and identity theft. Today we share a fun fact about doodling on money. According to a spokesperson for The Bank of Canada, it is inappropriate but not illegal to write, draw or doodle on Canadian money. If a bill has been altered – Laurier magically turned into Spock being the most timely example – it will be taken out of circulation once it has reached the bank. It is not, however, technically defaced to the point of counterfeit.
So all of those retailers who are torn between thinking Spockified $5 bills are a totally awesome tribute to Mr. Spock but probably not acceptable at the register can relax. A hand-drawn Spock on an actual bill does not count as a counterfeit.
For more info you can visit this CBC article, ‘Spocking’ Laurier on $5 not illegal, says Bank of Canada or this Facebook page, Spock Your Bill