Business owners and residents are being told to be on the lookout for counterfeit currency now circulating in the British Virgin Islands.
Police published an alert this afternoon, noting that law enforcers confiscated a large quantity of fake US currency in the territory last week.
“One male was arrested, questioned and discharged. Investigations are ongoing,” police said in a media release.
Acting Commissioner of Police Alwin James said he is concerned that with fewer businesses accepting debit and credit cards, there are more opportunities to circulate fake notes in this cash-driven society.
“We are encouraging banks, businesses, and individuals receiving large quantities of cash to be on the lookout for counterfeit notes in the denominations of 50 and 100-dollar bills. It is important the usual systems for examining bills be put in place,” he said.
The Royal Virgin Islands Police Force is urging persons and organisations that receive questionable notes to contact police immediately.
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