Bank of Canada Announces the Recipients of its 2008 Law Enforcement Award of Excellence for Counterfeit Deterrence

    OTTAWA, Aug. 26 /CNW Telbec/ - The Bank of Canada is pleased to announce
the recipients of its 2008 Law Enforcement Award of Excellence for Counterfeit
Deterrence. Corporal Tim Laurence, Corporal Susan MacLean, and now-retired
Staff Sergeant Ken MacDonald of the Integrated Counterfeit Enforcement Team,
RCMP Toronto West, were honoured today during the annual conference of the
Canadian Association of Chiefs of Police in Montréal, Quebec.
    The recipients of the Award of Excellence were selected for their
persistence and commitment to an investigation code-named Project Ophir, which
resulted in the shutting down of the largest counterfeiting operation in
Canadian history. The investigation focused on a highly organized and
sophisticated group of criminals that was determined to be the source of over
$6 million in counterfeit bank notes. Following the investigation, eight
persons were charged and have since entered guilty pleas to various
counterfeiting offences.
    "Thanks, in large part, to the efforts of law-enforcement personnel
across Canada and, specifically, the individuals we are honouring today,
counterfeiting rates have fallen dramatically in Canada in the last four
years," said Pierre Duguay, Deputy Governor of the Bank of Canada. "The Bank
of Canada congratulates these officers for the very positive contribution they
have made towards maintaining confidence in Canada's currency."
    The Bank of Canada's Law Enforcement Award of Excellence for Counterfeit
Deterrence was established in 2004 to recognize the work of Canadian
law-enforcement personnel in deterring and preventing the counterfeiting of
Canada's bank notes.

    Note to Editors:

    A photo from the awards ceremony is available on Canada NewsWire.

    /NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
    the CNW Photo Network and archived at
    Additional archived images are also available on the CNW Photo Archive
    website at Images are free to accredited
    members of the media/

For further information:

For further information: Jeremy Harrison, (613) 782-8782

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