The South Yorkshire Police warns about the rise of counterfeit notes circulating around Sheffield.
In recent weeks there has been numerous reports about people trying to pay for items such as takeaways and jewellery using twenty-pound notes that have later proved to be fake.
The Fraud Co-ordination Team encourage people and businesses to remain vigilant and to check all notes before accepting them.
South Yorkshire Police Fraud Protect Officer Andy Foster said: “Scammers will often pass a fake note within a number of genuine notes or may and ask to swap fake notes for a different denomination. Therefore, it’s really important that you carefully check any notes you receive, to make sure they are not counterfeit.”
It is a criminal offence to try and pass counterfeit currency knowingly and offenders will face criminal prosecution if they have been found to have intentionally used fake bank notes to make a payment.
Counterfeiting directly funds organised crime. It damages the UK economy by creating losses for businesses, which ultimately affects the cost of things in the economy. It also affects the pocket of anyone who receives a counterfeit note, as they are worthless.
If businesses are unsure how to check the authenticity of the cash, they receive there is information on the Bank of England’s website. The site also provides a free online bank note training session, which only takes 30 minutes but offers more in-depth knowledge.
The Bank of England also offers a free bank note checking scheme to help protect businesses.
Officer Foster added: “If you ever suspect that you have come into possession of a suspicious bank note, please call 101 and report it to police. Receiving reports of where and how these fake notes are being used is really important in helping us stop this crime.”
For more information, go to: https://www.bankofengland.co.uk/banknotes/counterfeit-banknotes