BNWI has been formed as an independent association to support, co-ordinate and monitor the Banknote Watch concept in the UK and those countries that adopt the crime prevention strategy and its concept that “a stained note is probably a stolen note”.
Speaking about the launch, Banknote Watch Trust (UK) chairman (and now also chairman of BNWI) Alan Townsend told SMT: “This is an exciting development. By sharing Best Practice and intelligence we’re closing loopholes that criminals aim to exploit in our cash processing systems.”