Portuguese police smash Europe’s second-largest dark web counterfeit currency network – Illicit Trade

Interpol is holding a conference on counterfeit currency at its global headquarters in France.

The three-day event, which kicked off in Lyon yesterday, is hosting 120 experts from 47 countries, who have gathered to debate and share their knowledge of the latest techniques for identifying bogus banknotes.

Delegates attending the Interpol Conference on Counterfeit Currency, whose number includes professionals from law enforcement agencies, money issuing institutions and representatives from private firms and international organisations, are examining the latest developments in currency counterfeiting, banknote security innovations and counterfeiting case studies.

In addition, attendees will also discuss the growing role the dark web is playing in the counterfeit currency trade, as well as emerging technologies, new methods being used to tackle fake banknotes, and the latest security features and currency authentication tools.

Sessions at the conference will be held on the challenges of investigating bogus banknotes produced using inkjet printers, the structure of national and international counterfeit currency monitoring systems, and the need for legal and operational frameworks to prevent the distribution of industrially produced counterfeit banknote components.

Speaking at the opening of the event, Interpol Director of Organised and Emerging Crime Paul Stanfield said: “Preventing organised criminal networks from sourcing the materials for the production of highly deceptive counterfeit banknotes and other security documents is a challenge for law enforcement.

“The main concern is that unscrupulous manufacturing companies which produce security features such as holograms and watermarked security paper suitable for counterfeiting could be co-opted into providing them to criminals.”

Experts attending the conference will be briefed on Interpol’s Project S-Print initiative, which was established to provide a forum in which global police forces and security printing professionals can share best practice relating to the targeting of the organised gangs behind the counterfeit currency trade, and how to stop them from accessing the equipment required to produce fake banknotes and security documents.

Currently comprised of over 25 firms that work in the security printing space and associated industries, the Project S-Print network offers its members the chance to network with one another, access checks to confirm the authenticity of high security substrates or materials, and participate in a worldwide knowledge-sharing platform that involves the staging of meetings, workshops and conferences.

As part of its efforts to boost global law enforcement agencies’ ability to identify fake banknotes and security documents, Interpol has produced an online course on security document identification, which can be accessed by police forces in all member countries through the organisation’s police communications network.

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