September 24, 2017

Counterfeit notes discovered in Cayman Islands; Follow these instructions to identify and avoid passing counterfeit notes

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From RCIPS

Recently the FCU has received some reports of counterfeit notes being circulated throughout the islands.  In total, $5 in counterfeit CI currency has been found in addition to $890 USD.

The RCIPS would like to inform the public that counterfeit currency, specifically in US dollars, is out there and would like to provide tips on how to determine that the cash you receive is legitimate.

United States of America Currency Check Rules

  1. Compare suspicious note to a genuine note
  2. Check for genuine security features
  3. Red / blue security fibers
  4. Security Thread
  5. Color-Shifting ink
  6. Portrait Watermark (USD)

Cayman Islands Currency Check Rules

  1. Queen’s Head – Every CI Currency note has a picture of Her Majesty Queen Elizabeth, shown from the shoulder up.  This is printed only on the front of the note.
  2. Serial Number -Every CI currency note has a unique serial number printed in black in the top left and bottom right on the front of the note.
  3. Watermark – Every CI currency note has a watermark in the shape of a turtle, visible when held up to the light.  The watermark is located to the left of the front of the note.   The ‘C’ series have the word ‘CIMA’ as part of the watermark above the turtle.
  4. – In most CI currency note a thin black vertical line is visible when the note is held up to the light.
  5. –   On the front of all notes in the ‘C’ series there is a reflective silver thread running in a straight line, in and out of the note in a straight line.

The thread is imprinted with the words ‘Cayman Islands’

In the event that you do come across these notes, it is suggested that you follow the below:

 

  1. Do not return suspicious banknote to passer
  2. Observe description and other identifiers of the passer
  3. Contact the Police at 949-4222
  4. Write initials on the corner of the note
  5. Avoid touching the note as much as possible
  6. Place the note into an envelope
  7. Hand the banknote over to the Police

Anyone with information about this counterfeit currency is encouraged to call George Town Police Station at 949-4222 or the at 949-8797. Anonymous tips can be provided directly to the RCIPS via our Confidential Tip Line at 949-7777 or via the Miami-based call centre of Crime Stoppers at 800-8477(TIPS), or online at the link: https://www.tipsubmit.com/WebTips.aspx?AgencyID=681

END

IMAGE: wikiHow

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