Counterfeit money is making the rounds in Northern Tasmania, with police receiving about 20 reports within the past fortnight.
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Police said the cash was being circulated across the North, with an increase in reports of fake notes being used in Launceston’s CBD in the last few days.
The facts
The reports relate to counterfeit $50 notes.
The most recent fake notes have the same serial number, which is HH 13863456.
Tasmania Police said the notes “are a good likeness for a real $50 note but are slightly smaller and different weight”.
The white stars in the notes clear window appear to have been-painted on and have been described by police as of poor quality.
How can you spot a fake note?
A genuine note should have the Australian Coat of Arms and a seven-pointed star.
Check the notes texture and thickness- a fake note may feel thicker or thinner and could be made of plastic.
Look for colour differences in the printing and ensure the white image on the clear window cannot be rubbed off.
More tips on how to spot a fake note are available online at banknotes.rba.gov.au/counterfeit-detection/counterfeit-detection-guide/.
What should you do?
If you are a business owner or work in a business where counterfeit money has been received, you should report the matter to police.
CCTV footage may be used to identify an offender if you are aware when the money was handed over. Police suggest a copy of CCTV footage should be provided to them when possible.
Do not pass the note around. Handle it as little as possible and place into an envelope to be stored and then handed over to police.
Try and remember as much detail as possible. When reporting to police, share information about how the note came into your possession, provide a description of the offender if possible and how they came to be in your business.
A form can also be completed online at www.afp.gov.au.
Any member of the public with information about the use of counterfeit money in Launceston and across Tasmania should contact Crime Stoppers on 1800 333 000 or report online at crimestopperstas.com.au.
What are the penalties?
Pursuant to the Crimes (Currency) Act 1981, a person convicted of making counterfeit money faces a period of imprisonment of up to 14 years.
Anyone convicted of uttering (putting into circulation) counterfeit money and possessing counterfeit money, could face up to 12 years and 10 years imprisonment.