Several UK police forces have issued public warnings during February 2026 about counterfeit £20 notes being used in everyday transactions, particularly in cash-heavy environments. While this isn’t specific to racecourses, on-course betting can present similar risks - especially on busy days.
The key message from police is simple: stay alert, check notes carefully, and don’t put yourself at risk if you suspect a note is fake.
The Bank of England has recently updated its guidance on spotting counterfeit notes and provides free, practical training for businesses. If you or your staff would benefit from a refresher, the following resources are available:
How to check your banknotes (Bank of England)
https://www.bankofengland.co.uk/banknotes/counterfeit-banknotes/how-to-check-your-banknotes
Free online banknote training (approx. 30 minutes)
https://www.bankofengland.education/takeacloserlook/index.html
A3 “Take a Closer Look” poster (useful for cash areas)
https://www.bankofengland.co.uk/-/media/boe/files/banknotes/take-a-closer-look-a3.pdf
RBC Expectations - On-Course Reporting
From an RBC perspective, counterfeit currency is not just a cash issue - it’s a ring control issue.
To ensure consistency and protect everyone working in the ring:
• Any attempt to use counterfeit notes should be reported to the BRM straight away.
• Please do not wait until the end of racing to mention it.
• The BRM should be informed even if the note is refused and there is no dispute.
• Avoid confrontation - if something doesn’t feel right, prioritise your own safety and escalate through the agreed racecourse channels.
• Keep a brief record of what happened (date, time, amount, description).
Early reporting allows the BRM to alert racecourse management where needed and ensures that risks aren’t isolated to one pitch.
Wider Operator Responsibilities
Counterfeit notes are linked to criminal activity. As licensed operators, you are expected to take reasonable steps to prevent gambling from being used to support crime. Where concerns arise about suspicious funds or behaviour, these should be considered in line with your own internal AML and reporting procedures.
RBC is not directing how individual businesses manage their internal reporting decisions. However, ensuring concerns are escalated within your own business and properly recorded is an important part of meeting your wider licensing responsibilities.
Staying vigilant, reporting promptly to the BRM, and following your own internal procedures helps protect staff, your business, and the integrity of on-course betting.