counterfeit

This tag is associated with 14 posts

India Attempts Crack Down on ‘Financial Terror’

India will put together a ‘financial terror dossier’ this week in an attempt to garner international support in pressuring Pakistan to immobilize a booming counterfeit currency ring that exports bogus Indian banknotes into the country. Since the attacks in Mumbai last November, India has been aggressively building a number of cases against the neighboring Pakistan, […]

“Top 10 Things You Didn’t Know About Money”

With the US Mint launching the release of a new $1.00 coin in November, Time Magazine drafted this list of top-ten tidbits about money that may surprise you: #1 – The Largest Banknote: Measuring in at roughly the size of a sheet of legal paper, the world’s largest single banknote is the 100,000-peso note created […]

RCMP busts fake-passport ring in Canada

In one of the largest coordinated busts in recent Canadian history, more than 400 police officers moved through Ontario and Quebec to arrest suspects in a counterfeit passport ring. Twenty-nine people were arrested in the inter-provincial raids as a joint police force of officers from the RCMP, the Sûreté du Québec and Montreal police targeted […]

India to Begin Trial Period for Polymer Banknotes

The Reserve Bank of India (RBI) announced this week that the country will begin a trial period of introducing polymer banknotes in circulation in order to eliminate the backlog of unusable worn banknotes throughout India and to combat counterfeiting. The RBI says that India has seen a 95 per cent increase in counterfeit notes in […]