LAW ENFORCEMENT TRIES TO STAY AHEAD OF CASH COUNTERFEITERS

COUNTERFEIT cash can be a most useful tool for money launderers. When made properly, high value notes can be moved around the world and spent without recourse to banks, credit card operators and other financial institutions. And with the increasing sophistication digital counterfeiting technology, this criminal industry is today a truly global enterprise: high quality banknotes can be faked almost anywhere in the world.Law enforcement, as usual is trying to catch up. This August, Colombian police, working with the investigations branch of the Bank of Spain (its ...


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