Arrest relating to making Counterfeit money

As a result of investigations being made in relation to counterfeit money being circulated across the North West Coast, on Saturday the 15th August Detectives from Burnie CIB arrested and charged a 27 year old Burnie man for making counterfeit money, possessing counterfeit money, and possess material and instruments used for counterfeiting.

Detective Sergeant Bryan said,

“Detectives conducted a series of searches on a number of dwellings and motor vehicles over the past weeks.

“During the searches, a number of counterfeit $50 notes were located along with equipment and materials used for the making of the counterfeit money.

“The 27yr old Burnie man was arrested, charged and bailed to appear in the Burnie Magistrates court at a later date.

“All counterfeit money detected and seized has been in $50 denominations.

“Detectives are continuing investigations in relation to the making and distribution of counterfeit money and expect further charges to be laid.”

Police are reminding members of the public who come into contact with suspect money to contact police.

Legitimate notes have a number of security features including a clear window with an embossed 50 visible from either side.  When held to the light there is a seven pointed star, three points from one side and four on the other.  Also when held to the light an image of the Australian Coat of Arms is visible under the printing.  Legitimate notes are made of polymer, they have a different feel to the counterfeit notes and do not tear easily.