Currency Counterfeiting

The following acts are considered counterfeit currency offenses:

  • The alteration of currency or manufacture of counterfeit currency.
  • The introduction into the country or export of counterfeit or altered currency.
  • The transportation and distribution of counterfeit or altered currency knowing it to be counterfeit.
  • Putting counterfeit currency into circulation.

 

According to the Criminal Code, the crime of counterfeiting currency and stamped effects is punishable with a prison sentence of eight to twelve years and a fine corresponding to ten times the apparent value of the currency.

In the case of holding, receiving or obtaining counterfeit currency for distribution or circulation, the penalty shall be reduced, depending on the value of the counterfeit currency and the degree of relationship with the counterfeiter, alterer or exporter of the counterfeit or altered currency.

Whoever receives the counterfeit currency in good faith and sells or distributes it after verifying its falsity shall be punished with a prison sentence of three to six months or a fine of six to twenty-four months.

In case of counterfeiting currency, whether banknotes, metallic pieces, national or foreign legal tender, a prison sentence of five to twelve years and a fine corresponding to ten times the apparent value of the currency shall be imposed as a crime of counterfeiting.