Counterfeit money is something that as honest civilians we rarely think about. But, counterfeit money is a serious problem for the Federal Reserve, and for the economy as a whole. Small businesses take the hit first since this counterfeit currency is so difficult to detect that we are fooled into accepting currency that looks perfectly legal. According to statistics, the US government shred about 75 million dollars a day in 2014, and this is a problem that can only get worse. For more about this and other stories, read more by following the links below.
Building a successful career in loss prevention has always been predicated on the commitment to professional growth and development. Working in a business as dynamic as retail, it is essential that we remain flexible in our methods and progressive in our approach to a global retail market. As the business moves forward change comes quickly, and our skills and abilities must evolve to meet the needs and expectations of a new professional standard.
But true growth must be built on a solid foundation. Especially when we consider the pace of change, we find that success is largely based on the refinement of the fundamental principles that anchor our skills and our decision making. By expanding on our foundation of knowledge, we give ourselves a stronger and more stable base to build upon. We reinforce our futures by broadening our opportunities.
Use of Counterfeit Currency
While creating counterfeit currency is in and of itself a crime, those who knowingly pass counterfeit money would be committing an act of fraud by passing a false form of tender. As technology has evolved and different tools have become available, counterfeiting has developed into a growing problem for retailers.
Conference to help officials fight retail crime
Law enforcement and private sector experts from across the country are set to gather in Plymouth in an effort to fight organized retail crime.
The Twin Cities Organized Retail Crime Association, in partnership with the Minnesota Retailers Association and St. Paul Police Department Professional Development Institute, will hold its inaugural annual conference and training Aug. 3-4 at the Crowne Plaza Minneapolis West.
Formed last year, the Retail Crime Association is a nonprofit coalition of law enforcement, prosecutors and high-level corporate fraud and loss prevention investigators. Together, the members work to ensure best practices in enforcement and the building of cases for organized retail crime.
“A lot of folks get organized retail crime confused with just shoplifting, but that’s not what we do,” said Charlie Anderson, association president. “We do organized crime that affects the retail and financial sector.”
Ocean City showing zero tolerance to shoplifters
OCEAN CITY — America’s Greatest Family Resort loves visitors and wants everyone to feel welcome. But the city is drawing the line at those who make themselves so at home that they help themselves to things that aren’t theirs.
Business owners, the police department and the municipal prosecutor have adopted a zero tolerance approach to the crime, and are taking their cases to court instead of pleading them down to a lesser charge.
In a seasonal resort that has a reputation as a safe place relatively free of violent crime, shoplifting is the city’s most frequent offense.
“It’s a big problem on the Boardwalk,” Ocean City Police Capt. Steven Ang said. “Businesses on the Boardwalk have a small window to have a successful year and any theft hurts them.”
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