Maple Ridge RCMP receive multiple reports of counterfeit money circulating locally

MAPLE RIDGE – Police in Maple Ridge are warning the public about a recent uptick in reported counterfeit cash circulating in the community.

In a statement, police say they’ve received at least eight separate reports of $50 or $100 bills being used at various local businesses.

On the upside, police say most of the businesses that have been targeted have spotted the fraudulent money and reported it to police. In some cases, however, they have been left high and dry and on the hook for a loss of income.  

Counterfeit currency. (Image Credit: Maple Ridge RCMP.)

Police say it is a criminal offense to knowingly possess or use counterfeit money. Unfortunately, Businesses cannot be reimbursed even if they unknowingly accept it as legal tender.

“We want the public to be aware of this recent fraud trend so that they can take the necessary steps to protect themselves,” says Maple Ridge RCMP Frontline Sergeant Daniel Rettenbacher. “Local business owners are reminded to ensure staff are familiar with how to identify counterfeit currency and verify security features, as well as have proper protocols in place for handling cash. Customers are also advised to do their due diligence when accepting or depositing currency.” 

People who need more information and tips on ways to spot fake bank notes can visit the Bank of Canada’s website: Bank of Canada – Counterfeit Prevention.

Police are asking anyone with information on counterfeit currency to contact Maple Ridge RCMP at 604-463-6251.