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Counterfeiting - PowerPoint PPT Presentation

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Counterfeiting

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  1. Counterfeiting • Keyan • Jacob Nitin Shoaeb

  2. What is counterfeiting? • 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?

  3. What do you Associate with Counterfeiting?

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  6. Canadian Laws • 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.

  7. Detecting a Counterfeit Bill • Regular bills are made by the Bank of Canada and through easy steps its simple to detect a counterfeit

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

  9. The damage from counterfeiting • Fake goods are more menacing than you think • Can threaten your safety • You’re helping the trader break the law • Discourages innovation • Adversely affects economy and business

  10. Hot spots of Counterfeiting

  11. 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”,

  12. Quick facts • 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

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