(CMR) A man who was using forged banknotes at a bar in on Bodden Town Road on Sunday was arrested after the police were alerted. The man (52) of Bodden Town was searched, and several thousand dollars in forged KYD 100 banknotes were recovered and seized by officers.
He was arrested on suspicion of uttering forged bank notes and obtaining property by deception. The man remains in custody under investigation.
The RCIPS Financial Crime Investigation Unit (FCIU) is currently investigating the incident and advises the public to be on the lookout for such counterfeit notes, as there are suspected to be additional notes in circulation. The counterfeit notes are all KYD 100 notes bearing the serial number 292395.
The FCIU advises anyone who receives a counterfeit note or suspects one to be counterfeit to make a note of the description of the person passing the note and any companions who may be with them. Do 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 form can also be found here: https://www.cima.ky/upimages/commonfiles/1499245420FCUForgedCurrencyReport.pdf.