Police Warning Residents About Counterfeit Money in Mississauga
Police have a very important warning for residents in Mississauga and beyond that you'll want to take note of.
Peel Regional Police have released a statement saying that there has been a "significant increase" in counterfeit Canadian $100 bills across the Region of Peel.
There have been over 30 occurrences in Brampton and Mississauga over the last month involving the currency being passed during food delivery and through retail businesses.
How can you recognize these bills, you ask?
Police say that every bill that has been seized is on polymer paper with the serial number FKW4346846
"After handling the bills for a short period of time the ink will lift quite quickly," say police.
Here are the police-approved tips on recognizing and dealing with counterfeit money:
- The use of counterfeit money remains relatively rare. The confidence of the Canadian currency is not at risk.
- Consumers and retailers should take a moment to examine paper currency that they receive during the course of a transaction.
- The hologram on the $100 bill fades from gold to green when viewed from different angles.
- Anyone who deals in cash transactions should be aware of the security features of Canadian currency which are intended to deter counterfeiting and identify counterfeit bank notes.
- Compare a counterfeit bank note with a genuine one of the same denomination. Look for differences, not similarities.
- Counterfeit bank notes often share the same serial numbers.
- If you are given a counterfeit bill, make note of the passer's description and if possible, obtain a licence number. Call police immediately. Handle the counterfeit note as little as possible to avoid obscuring fingerprints on the bill.
- To view security features of the $100 dollar bill click here.
"Police are reminding business owners, retail outlets, and the general public to be extra cautious when accepting Canadian 100 dollar bills."
Anyone with information regarding this incident is asked to contact investigators with the Fraud Bureau at (905) 453-2121 ext.3340. Information may also be left anonymously by calling Peel Crime Stoppers at 1-800-222-TIPS (8477), or by visiting www.peelcrimestoppers.ca, or by sending a text message to CRIMES(274637) with the word “PEEL” and then your tip.