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Police: Maybe it's time to stop accepting U.S. money at your business?

'It is not a sound business practice to accept bills where there is no reasonable way to verify that they are in fact authentic'
counterfeit US money

NEWS RELEASE

GUELPH POLICE

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Counterfeit US currency – update

On December 6, 2016 there were three more incidents involving person(s) trying to use counterfeit US 20 dollar and 50 dollar bills reported to police.

Police continue to investigate and identify possible suspects.

However, with the recent reports, we ask businesses to take extra precautions when accepting bills, especially US currency.

It is strongly suggested that in this age of multiple payment options at point of purchase, that businesses consider one of these alternatives and not accept US currency as payment.

It can easily be explained to concerned customers that US currency is still a foreign currency in Canada and it is not a sound business practice to accept bills where there is no reasonable way to verify that they are in fact authentic.

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