Business and Financial Policies and Procedures
 

Handle Counterfeit Currency

Before You Begin

All units authorized to receive cash must screen cash transactions for counterfeit currency. If a unit accepts counterfeit currency, it will be liable for the loss and the unit C-FOAP will be charged accordingly.

Begin

To handle counterfeit currency:

  1. Consult If You Suspect a Counterfeit from the U.S. Department of the Treasury for methods of detecting questionable bills.
  2. If you receive a questionable bill:
  • Keep the bill. Do not return it to the person who gave it to you.
  • Report it to your campus police immediately.

 

Additional Resources

If You Suspect a Counterfeit

 

Last Updated: October 21, 2011 | Approved: Senior Associate Vice President for Business and Finance - February 2008