Action Fraud have issued a warning over counterfeit currency and the organised crime syndicates, making big money from it.
In 2018 alone, more than £10 million worth of counterfeit bank notes were taken out of circulation. This only represents a small portion of the 3.7 billion genuine bank notes in circulation, but police say it is essential they are reported.
Action Fraud reports that criminals are using social media platforms such as Instagram to sell counterfeit money, and sellers are offering notes at a reduced price, sometimes as little as a tenth of their face value. Police in West Yorkshire … Read more