Beware of Counterfeit Bills
During the last weeks, a member business of the SGBIA has received a counterfeit bill.
Please take caution when accepting customers’ bills: any individual who, knowingly or not, accepts a counterfeit, bears the loss. In other words, there’s no reimbursement.
During a transaction, if you suspect that you’re being offered a counterfeit note, assess the situation to ensure that you are not at risk. Then, do the following:
- Politely refuse the note and explain that you suspect that it may be counterfeit.
- Ask for another note (and check it too).
- Advise the person to check the note with the local police.
- Inform your local police of a possible attempt to pass suspected counterfeit money.
- Be courteous. Remember that the person in possession of the bill could be an innocent victim who does not realize that the note is suspicious.
After a transaction, if you suspect that you’ve received a counterfeit note, give it to the local police. If it’s real, you’ll get it back.
Either way, the police should be informed of possible counterfeiting activity in your community. Timely reporting helps police and prosecutors bring counterfeiters to justice.
Click here to access training materials to learn about Canadian bank notes and know how to deal with suspected counterfeit notes.