Bodden Town man arrested with fake $100 notes

A 52-year-old Bodden Town man remained in police custody Monday after officers seized several thousand dollars in forged CI$100 notes.

The man, who attempted to use the fake money, was arrested on suspicion of uttering forged bank notes and obtaining property by deception.

Police said, in a statement on Monday afternoon, that officers responded to a report that a man had been using fake bank notes at a bar on Bodden Town Road on Sunday.

After arresting the man, police officer searched him and found several thousand counterfeit CI$100 bank notes.

The RCIPS Financial Crime Investigation Unit, which is investigating the incident, is advising the public to be on the lookout for counterfeit notes, as they suspect additional fake notes may be in circulation.

All the seized counterfeit $100 notes bear the serial number 292395.

The FCIU is also advising anyone who receives a fake note, or suspects one to be counterfeit, to make note of the description of the person passing the money, as well as that of any companions who may be with them.

“Do not return the note to the passer if possible,” police said. “Instead, initial and date the white border of the note, then tag the note with a copy of the transaction receipt and call the police.”

The public is asked to obtain as much information as possible from the person passing the note and submit it on these forms.

Banks and commercial premises, police said, may be in possession of forged currency report forms issued by the FCIU.

The form can also be found here.

Common features of Cayman Islands currency

• The size of each note is 156 x 66mm.
• On the obverse of all notes there is a portrait of HM Queen Elizabeth II.
• All notes have a security thread, a watermark and serial numbers.
• The International Copyright Symbol © appears on the front and back.
• The signatures of the Minister of Finance of the Cayman Islands and the Managing Director of the Cayman Islands Monetary Authority, at the time of issue, appear on the front of the note. Notes issued prior to 2003 bear the signature of the Chairman of the Board only, and notes issued between 2003 and 2006 have the signatures of the Financial Secretary and the Managing Director of the Cayman Islands Monetary Authority.
• The banknotes have a letter prefix before the serial number, which refers to the series of its print.
• The obverse side of all notes bears the Cayman Islands Coat of Arms and Motto.
• All Cayman Islands banknotes have been printed by De La Rue currency note printers in England.
• The features of the banknotes have been redesigned with new images, but the colours of the  ‘C’ Series have been maintained.
  – (Source CIMA, learn more here)