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BERMUDA | RSS PODCAST

Police warning over counterfeit notes

Police are again warning businesses to be on the alert for counterfeit money - in particular $100 and $50 notes.A Police spokesman said: “Local merchants in particular are once again reminded to ensure that their employees are aware of the importance of taking a few seconds to scrutinise the money they are taking in, especially the larger denominations.“If counterfeit cash is detected during a transaction, staff receiving the fake money should hold on to it, note the description of the individual who tendered it and contact police immediately.“The public is similarly encouraged to remain vigilant regarding counterfeit currency. The counterfeit Bermuda notes currently being passed are the older notes not the new ones.“To distinguish a genuine Bermuda note from a fake one, look for the tuna fish watermark (to the left of the note), the metallic security thread (just right of the tuna fish watermark) and the silver ship (to the right of the note). Also, examine the paper quality.“In addition, check to see if the ink 'runs.' Most counterfeit in circulation is being generated on ink jet printers, and the ink will 'run' if it gets wet. Genuine currency will not do this.”It is a criminal offence to:Ÿ pass a counterfeit note to another person;Ÿ possess a counterfeit note;Ÿ make a counterfeit note;Ÿ or reproduce any counterfeit currency - punishable by up to five years in prison.* Have you been a victim of the counterfeiters? Email news[AT]royalgazette.bm