Fake Euro alert in Cyprus

15 01 2008

Cyprus Police Department is in contact with Europol, as part of efforts to infiltrate a gang bringing forged euros and fake credit cards into Cyprus.

The general public has been alerted to be on the lookout for fake euros, with 24 cases of counterfeit currency notes having been reported to the police since the introduction of the currency to Cyprus.

The European Central Bank has emphasized that various security features have been incorporated into the euro notes that will help in recognizing a genuine banknote from a counterfeit eoru note. These features include:

  • The raised print. Special printing processes give banknotes their unique feel. The ink should feel raised or thicker in the main image, the lettering and the value numerals on the front of the banknotes.
  • Additional tactile marks for the visually impaired are included on the bottom edge of the €200 banknote and on the right-hand edge of the €500. The paper consists of pure cotton, which feels crisp and firm (not limp or waxy).
  • When a banknote is held up against light: the watermark, the security thread and the see-through number will then be visible. All three features can be seen from the front and back of genuine banknotes.
  • The security thread is embedded in the banknote paper. Holding the banknote against the light shows the thread as a dark stripe. The word ‘EURO’ and the value can be seen in tiny letters on the stripe. In the hologram one can see perforations which form the symbol. One can also see small numbers showing the value.
  • When the banknote is tilted, on the front one can see the shifting image on the hologram. On the back, one can see the glossy stripe (on the €5, €10 and €20 banknotes) or the colour-changing number (on the €50, €100, €200 and €500 banknotes), from purple to olive green or brown.

According to the ECB in the second half of 2007 a total of 296,000 counterfeit euro banknotes were withdrawn from circulation.


Fake Visas racket busted in India

16 07 2007

The Delhi (India) Police has recently busted a major fake visa racket and confiscated fake passports and visas from a person who is allegedly into making fake visas, stickers and holograms etc.

The Police raided his hideout and confiscated a lot of incriminating material that includes the man’s laptop, a spare hard disk, one scanner and printer, fake dies and holograms etc.

It is amazing as to how the fake passports and visa business thrives in a country like India that is on an impressive and consistent growth path. The Government needs to be more vigilant and the judiciary system quicker and merciless to bring the culprits to book so that the nefarious practices of the counterfeiters may be curbed.

€50 most faked Euro Note

13 07 2007

Interesting piece on how counterfeiters are having a field day by floating fake Euro notes.

The 50 euro banknote was the most widely faked euro note in the first half of 2007, accounting for half of all fake euro notes taken out of circulation, according to the European Central Bank.

The 100 euro note accounted for 20% of the fake notes, while the 20 euro note accounted for 15%. The smallest and the largest denominations were the least faked, with the five euro note and the 500 euro note accounting for a mere 1% of the total. Meanwhile, 10% of the fakes were 200 euro notes and 3% were 10 euro notes.

The report says that holograms are being used to distinguish counterfeit notes from the genuine ones.

Counterfeits can be easily distinguished from genuine banknotes by using the simple and so-called “feel-look-tilt” test to reveal the note’s security features. In the test, one can feel that the ink is thicker in some places than others on the note. Looking at the note up against the light will reveal watermarks. And if one tilts the bank note, the hologram image on the hologram patch will change between the value and a window or doorway. –EUObserver

Source: http://euobserver.com/9/24469