The public is being made aware of fake banknotes in circulation.
Various vehicles of different shapes, sizes, colors, make and registration numbers are being used i. the commissioning of this crime.
The fraudsters using this method of operation mainly target small businesses like tuckshops and vendors whom they assume cannot afford money testing devices.
The criminals may pretend as if they are familiar with their target or target's children overseas, intend to promote their small business by buying some staff, volunteer to buy some refreshments using such fake notes and give back some of the change or to keep it.
All small business are being urged to be cautious against fake notes.
May the public provide information if any suspicious cases are found. People can report the detection of forged notes at nearest police stations.
If you have been offered a counterfeit note during a transaction,
1.Compare the suspected note to one which you know is genuine
- Look at more than one security feature
- Retain the suspected counterfeit note
2. Record any details about the person(s) who brought the counterfeit note
- Physical description
- Vehicle information
- Where the person was last seen
3. Record the details about the currency note
- Denomination
- Serial number
4. Contact the nearest Police Station.
The risk of counterfeiting is more prominent in higher denomination currency notes. It could provide a convenient means for money laundering and underground economic activities.
However, these drawbacks can be addressed effectively to a large extent by taking precautionary measures.
The risk of counterfeiting could be reduced by the use of advanced security features built into higher value notes and increasing alertness of the public when accepting such notes.
This would require enhancement of public awareness through appropriate measures.
It is unlawful to create and circulate counterfeit notes.
https://www.facebook.com/share/p/4VUmV7i3bQN7LrVL/?mibextid=oFDknk
https://chat.whatsapp.com/IA9Pwo0F4AQGsCUuGw8pPG
.png)
COMMENTS