Police are continuing to receive reports of forged $100 bills being passed in Cayman.
The RCIPS Financial Crime Investigation Unit, in an alert issued on Monday, said, since June this year, they have received five reports of people using the fake notes – one in Cayman Brac and four in Grand Cayman.
A 52-year-old man, of Bodden Town, was arrested in June after officers seized several thousand dollars in forged CI$100 notes.
Police said that in four of the recent instances, the forged $100 notes had the serial number D/1 292395, the same serial number that had been seen on previous counterfeit $100 notes and on the notes seized when the man was arrested.
The FCIU is advising anyone who receives a counterfeit note, or suspects one to be counterfeit, to make note of the description of the person passing the note, as well as that of any companions who may be with them.
The unit is also advising that anyone who receives a suspected forged note should not return the note to the passer if possible. 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.
“Banks and commercial premises may be in possession of forged currency report forms issued by the FCIU. If so, please obtain as much information as possible from the person passing the note and submit it on these forms,” the unit noted.
For more information on how to ensure that bank notes are genuine, visit the Cayman Islands Monetary Authority website at www.cima.ky.
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They are asking “anyone who receives a suspected forged note should not return the note to the passer.” Instead, sign it, date it and call police. So the merchant will be out $100.00? Really ? Because the police sure won’t reimburse them.