NT Police are warning retailers and the public to be on the lookout for counterfeit $50 and $100 notes circulating across the Territory, after seizing the equivalent of $19,000 in fake cash since September.

The seizures followed a recent rise in attempted importations, personal possession, and the use of the fake notes at businesses throughout the NT.

Police warn the current fake notes circulating appear to be of “reasonable quality”, with the give-away being the word “PROPS” printed in small text on one side of each note.

“Individuals attempting to pass these notes off, often try to make small purchases to change the notes for legitimate currency or hide them amongst legitimate notes when making larger payments,” said NT Police financial crimes section detective Timothy Gardiner.

“I encourage all retailers to be vigilant and if you suspect a note is fake, so long as it’s safe to do so, don’t accept it.”

Police recommend if you believe you have received counterfeit money to put it in an envelope, record details of how it came to your possession and calling police on 131 444.

“Alternatively, if you know someone in possession of counterfeit currency you can make an anonymous report to police via Crime Stoppers on 1800 333 000,” Sgt Gardiner said.

“Offences relating to the making, importing, buying, selling, possessing or using counterfeit Australian currency are indictable offences under the Crimes (Currency) Act 1981 and carry maximum penalties of up to 14 years imprisonment.”

More info on how to detect counterfeit money is available on the Reserve Bank of Australia website.