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It is an offense to:
make a counterfeit banknote without lawful excuse or with the intention of passing or tendering it as genuine.
pass or tender or deliver to another a counterfeit banknote knowingly or believing it to be counterfeit.
have custody or control of a counterfeit banknote intending to pass or tender or deliver it as genuine or have in custody or control without lawful excuse.
have custody or control of anything intending to or allowing any person to use it to make a counterfeit banknote intending to pass it as genuine or make or have anything designed or adapted to make a counterfeit banknote without lawful excuse.
It is a criminal offense to possess, pass (including sale), make or import these notes. (Section(s) 16, 15, 14 & 20 of the Forgery & Counterfeiting Act 1981).
The maximum sentence for offenses under the Act is 10 years imprisonment.
In addition, following conviction, assets may be confiscated under the Proceeds of Crime Act 2002 (POCA Financial Confiscation Investigation).
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Banknote images/reproductions and the law
It is an offense to reproduce banknotes issued by us, or part of banknotes issued by us, on any substance or to any scale without our consent.
For the avoidance of doubt, consent for items, including those marketed as 'Movie', 'Prop', 'Training' or similar, can ONLY be obtained if such items meet our reproduction conditions. For example, these reproductions:
MUST NOT be Double-sided with images of a banknote on both the front and the back.
MUST NOT be the same size as Bank of England banknotes; instead, they must be at least 25% smaller or at least 25% larger.
MUST NOT be printed on a similar material to that used for current Bank of England notes, unless it also meets either condition 5(b) or 5(c) as set out in detail.
For a full list of the conditions, please see our Using Images of Banknotes page.
An item that contains reproduced images of our banknotes in a way that does not meet our reproduction conditions may be counterfeit and may result in prosecution under UK legislation: Forgery & Counterfeiting Act 1981 (Part II) – even where items are printed with additional text such as 'Movie' 'Prop' 'Training' etc.
How many counterfeit banknotes are in circulation?
The vast majority of counterfeits are discovered before they go back into circulation, when notes are sorted for authentication and fitness as part of standard cash industry processes eg the Note Circulation Scheme. A smaller number are detected by the public or retailers who hand them directly to the police, or when the police carry out search warrants. Counterfeits are typically removed from circulation quickly, often after a single use.
In 2023 typically less than 0.0025% of banknotes were counterfeit, that is less than 1 in 40,000 banknotes. Some 116,000 counterfeit Bank of England banknotes with a nominal face value of £2.5 million were taken out of circulation. At any one time, there are around 4.6 billion genuine banknotes in circulation, with a notional face value of £82 billion.
Counterfeiting has substantially reduced since 2019 as a result of a combination of factors such as the introduction of more robust polymer banknotes, the withdrawal of the older paper designs, successful police action on the sources and distribution of counterfeits and the general move to electronic payments.
The figures show the 2023 data, along with annual data since 2009
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WEBSITW: https://stevemedsstore.com/product-tag/thc-vape-juice-saudi-arabia/
Telegram; @Derekforrest
WHATSAPP: +237688422596 /
FOLLOW THE LINK BELOW TO CONTACT US VIA TELEGRAM
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