# The Protection of the Euro against Counterfeiting Regulations 2001, Regulation 2


A credit institution, or other institution or establishment within Article 6(1) of the Community Regulation, which fails to withdraw from circulation a euro note or euro coin received by it which it knows or has sufficient reason to believe to be counterfeit shall be guilty of an offence and liable—
(a) on summary conviction, to a fine not exceeding the statutory maximum or to three months’ imprisonment, or to both; or
(b) on conviction on indictment, to a fine or to imprisonment for a term not exceeding two years, or to both.

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Source: https://www.legislation.gov.uk/uksi/2001/3948/regulation/2 (the official version)
Page: https://openlegislation.uk/protection-of-the-euro-against-counterfeiting-regulations-2001/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.