Attire Accessories - Dec 2017/Jan 2018 (Issue 67)

70 ATTIRE With the new polymer £10 note released in September, ensure no counterfeit notes are passing through your hands. This is what The Bank of England has to say… The Bank of England’s new Banknote Checking Scheme was launched on 10 th October, 2017.The scheme is aimed at cash-handling businesses and promotes banknote checking at point of sale through targeted training. Its aim is to reduce the number of counterfeit notes being accepted and to reduce losses to businesses. Any retailer or business can sign up as a supporter of the Banknote Checking Scheme by pledging their support annually to a set of six guiding principles.The scheme encourages increased banknote checking tailored to each individual business model. Supporters will have access to advice and a range of education and training materials to help shape banknote checking within their business.This includes leaflets, posters, online computer- based training, targeted advice and regular webinars, as well as updates on relevant banknote topics such as the issue of new- style banknotes and withdrawal the of old- style banknotes. The scheme is a collaboration between the Bank of England and the scheme’s seven strategic partners.These are: 1.The Association of Convenience Stores (ACS); 2. British Retail Consortium (BRC); The Bank of England launches new Banknote Checking Scheme