Counterfeiting

KeyanJacob

NitinShoaeb

What is counterfeiti

ng?

What is counterfeiti

ng?•The process of

manufacturing goods and selling them under a

brand name without that organization’s approval.

•Many well known brands have actually become

victims of counterfeiting•How many can you

guess?

•The process of manufacturing goods and

selling them under a brand name without that organization’s approval.

•Many well known brands have actually become

victims of counterfeiting•How many can you

guess?

What do you Associate with Counterfeiting?

?

?

Making449. Every one who makes or begins to make counterfeit money is guilty of an indictable offence and liable to imprisonment for a term not exceeding

fourteen years.R.S., c. C-34, s. 407.

Possession, etc., of counterfeit money450. Every one who, without lawful justification or excuse, the proof of which

lies on him,(a) buys, receives or offers to buy or receive, (b) has in his custody or

possession, or (c) introduces into Canada, counterfeit money is guilty of an indictable offence and liable to imprisonment for a term not exceeding

fourteen years.R.S., c. C-34, s. 408.

Uttering, etc., counterfeit money452. Every one who, without lawful justification or excuse, the proof of which

lies on him,(a) utters or offers to utter counterfeit money or uses counterfeit money as if

it were genuine, or (b) exports, sends or takes counterfeit money out of Canada, is guilty of an indictable offence and liable to imprisonment for a

term not exceeding fourteen years.R.S., c. C-34, s. 410.

Canadian Laws

Detecting a Counterfeit Bill

Regular bills are made by the Bank of Canada and through easy steps its simple

to detect a counterfeit

Canada’s new polymer bills help fight against the threat of counterfeiting

The damage from The damage from counterfeitingcounterfeiting

Fake goods are more Fake goods are more menacing than you thinkmenacing than you think

•Can threaten your safetyCan threaten your safety

•YouYou’’re helping the trader re helping the trader break the lawbreak the law

•Discourages innovation Discourages innovation

•Adversely affects economy Adversely affects economy and businessand business

Hot spots of CounterfeitingHot spots of Counterfeiting

How to avoid becoming a

victim of counterfeiting•Only purchase items from reputable retailer authorized by the brand owner.

•Check for obvious things like duplicate serial numbers.

•Be cautious if a deal is “too good to be true”,

• The bank of Canada is the only company allowed to issue Canadian bank notes

• Creating counterfeit money is a indictable offence with a maximum of 14 years in jail

• Cash is the number 1 favorite way to pay for amounts under 25 dollars

• The RCMP are worried that Canadians are over confident with the new polymer bills

Quick facts

Video http://video.cnbc.com/gallery/?video=1540240450