The Central Bank Counterfeit Deterrence Group (CBCDG) is a group of 31 central banks and note printing authorities that investigates emerging threats to banknote security and proposes solutions for these threats.
Consisting of members from countries around the world including Canada, the United States, Australia, Sweden, Germany, Japan, France, Greece the United Kingdom, the CBCDG also supports and deploys technologies that deter the use of digital equipment – such as colour photocopiers and ink jet printers – to counterfeit currency.
A recent article written by Antti Heinonen, the Principal Advisor for the European Central Bank and a member of the CBCDG, details these technologies as having a dramatic “paradigm change” on the banknote industry saying these “new threats triggered the development of new security features” in banknotes.
Enter the Central Bank Counterfeit Deterrence Group, a group that was first put into practice in 1992, and was initially formed as a governing body to help G10 banks deal with increased counterfeiting due to colour copying. Under the moniker Special Study Group on Modern Reproduction Technologies (SSG-2), the group began working within the colour copier industry to develop techniques and technologies to prevent successful forgeries.
As we wrote earlier this month, one of the first big steps for the CBCDG was the development of anti-counterfeiting software – Counterfeit Deterrence System (CDS) – added to programs such as Adobe Photoshop that would generate an error message if a user attempt to scan banknotes. The group also lobbied printer manufacturers and copier manufacturers to include the same software upgrades, resulting in misprints or blank pages if banknotes were copied.
Today, the CBCDG not only works with banks but also with law enforcement agencies to recognize counterfeiting trends and provide solutions.
Working very closely with the technology sector, the CBCDG closely monitors new developments in digital technology in order to stay one step ahead of counterfeiters.
Of course, an easy step to preventing fake bills can be as simple as public education. “Informing and educating the general public and professional cash handlers about banknote security features,” writes Heinonen, is now a necessity for central banks.
Counting On Currency: “Counterfeit Deterrence – Beating The Criminal Element”
Central Bank Counterfeit Deterrence Group: “FAQs”
“Central Bank Counterfeit Deterrence Group”
Global Paper Security: “How Computer Software Can Prevent Counterfeiting”