The following Corporate Crime guidance note provides comprehensive and up to date legal information covering:
Section 14 of the Forgery and Counterfeiting Act 1981 (FCA 1981), makes an offence for a person to make a counterfeit of a currency note or of a protected coin:
intending that he or another shall pass or tender it as genuine (s 14(1)), or
without lawful authority or excuse (s 14(2))
The offence is an either way offence. A person convicted on indictment would be liable to a maximum term of imprisonment of ten years and, on summary conviction, to a maximum term of six months, a fine or both. A serious crime prevention order can be imposed on an individual or an organisation in relation to a breach of the FCA 1981, s 14. See Practice Note: Serious crime prevention orders.
FCA 1981, s 14 draws a distinction between cases in which there is proof of an intent that the fake item shall be passed as genuine (s 14(1)) and cases in which there is not (s 14(2)). For a s 14(1) offence, while there is a requirement to prove an ulterior intent, the actual passing of the counterfeit does not need to happen. Also, there is no need to show that the defendant intended to induce someone to do something to his/her own prejudice, or disadvantage.
An offence under s 14(2) is
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