(CMR) The public is being warned to be on the lookout for forged KYD notes as the police recently identified fake notes being circulated.
The Cayman Islands Monetary Authority (CIMA) said it was made aware by the Financial Crime Investigation Unit (FCIU) of the Royal Cayman Islands Police Service that they were in receipt of forged KYD notes, which were collected during the period 19-25 March.
The banknotes in question all come from the “D” series, which were re-designed in 2010. Some of the visible security features that make it relatively easy to tell the difference between the Cayman Islands legal tender and forged banknotes include a color-shifting holographic stripe, see-through images, a turtle watermark, and an iridescent band.
The forged $25 banknote bears the serial number D/2 796153, the $50 D/2 605432, and the $100 D/1 588475. The FCIU is currently investigating the incidents and is advising the public to be on the lookout for such forged notes.
“If you have, or suspect that you may have, received a forged note, we ask that you observe the description of the person passing the note, as well as that of any companions that may accompany them. Do not return the note to the passer if possible, ” Detective Dean Murray of the FCIU advised.
“Instead, initial and date the white border of the note, then tag the note with a copy of the transaction receipt and call the FCIU at 949-8797 or any of our police stations during out-of-office hours. If you have forgery report forms issued by the Financial Crimes Investigations Unit, obtain as much information as possible from the person passing the note and write it on the form,” Murray added.
CIMA said it would not compensate persons who come in possession of forged notes; thus, it is important for the public to be vigilant when handling currency notes.