Get Suspect Banknote Submission Form. Counterfeit Currency

Banks are required to confiscate the counterfeit money and turn it over to the Secret Service, which investigates and takes the counterfeit bills out of circulation. Last year, the agency seized $58 million overall in counterfeit U.S. currency.

Counterfeiting directly funds organised crime. It hurts the UK economy by creating losses for businesses, which ultimately affects the cost of things that we buy. It also affects the pocket of anyone who receives a counterfeit note, as they are worthless.

Write your initials and the date in the white border areas of the note, and surrender the note to a police officer or U.S. Secret Service special agent. If the note is genuine, it will be returned to you.

Contact your local police department or call your local U.S. Secret Service Office. Write your initials and date in the white border area of the suspected counterfeit note. Do not handle the counterfeit note. Place it inside a protective cover such as a plastic bag or envelope to protect it.

Counterfeit Currency Reporting (CCR) The PMLA Rule 3(1) (C) read with rule 8 requires the reporting of all cash transactions where forged or counterfeit Indian currency notes have been used as genuine. The RBI vide circular dated May 22, 2008, provided the format in which the CCR needs to be reported to the FIU-IND.

And since passing counterfeit bills is illegal, you might have to answer to authorities. But the loss could be covered by your homeowner's or rental insurance policy, up to $500 or $1,000, depending on the policy. And unlike with most losses, the reimbursement amount typically isn't subject to your policy's deductible.

Banks are required to confiscate the counterfeit money and turn it over to the Secret Service, which investigates and takes the counterfeit bills out of circulation. Last year, the agency seized $58 million overall in counterfeit U.S. currency.

Contact your local police department or call your local U.S. Secret Service Office. Write your initials and date in the white border area of the suspected counterfeit note. Do not handle the counterfeit note. Place it inside a protective cover such as a plastic bag or envelope to protect it.

Under federal law, the use or attempted use of counterfeit currency is illegal if the person has the intent to defraud the recipient. A conviction for the offense carries up to 20 years in prison and a fine.

Color-shifting Ink. ... Watermark. ... Blurry Borders, Printing, or Text. ... Raised Printing. ... Security Thread with Microprinting. ... Ultraviolet Glow. ... Red and Blue Threads. ... Serial Numbers.

If you get a fake bill, the government won't be giving a replacement, and merchants and banks will probably confiscate it. And since passing counterfeit bills is illegal, you might have to answer to authorities.

Report Counterfeit Currency (Note: You must send the Counterfeit Note Report to your local U.S. Secret Service field office. Visit the U.S. Secret Service website for more information.)