Europol – Half a million in fake euros seized in Romania
Counterfeit banknotes made by the criminal network circulated in at least 10 EU countries. Almost €450 000 euros in counterfeit banknotes seized in denominations of €50, €100 and €500.
Europol announced that supported the Romania authorities to dismantle an organised crime group counterfeiting euros and Romanian lei. Law enforcement authorities from Austria, Belgium, Germany and Spain and the European Central Bank also assisted the investigation.
A clue discovered by the investigators led to the action day on 27 January 2021 as the network was planning to put counterfeit banknotes equivalent to €50 000 into circulation.
The criminal group, active for three years, was counterfeiting banknotes in denominations of €50, €100 and €500. These banknotes, produced on paper, were later found in several EU countries (Austria, Belgium, Germany, Greece, Italy, Lithuania, the Netherlands, Romania, Slovakia and Spain).
The investigation uncovered that the counterfeiters had recently acquired the necessary technology to use polymers and fake Romanian lei. The criminal network adapted their methods and materials for the type of currency they were producing. Overall, 1 300 counterfeit banknotes were identified and withdrawn from circulation.
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
