US EditionEuropol Bust €1.2 Billion Fake Currency Linked to China
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20 Articles
Europol bust €1.2 billion fake currency linked to China
A Europol-coordinated action led by Austria, Portugal, and Spain has resulted in the seizure of €1.2 billion counterfeit banknotes and coins. Law enforcement authorities from 18 countries participated in Operation DECOY III, which stopped the knockoffs from entering circulation. “More than 90% of the seized counterfeit currency was linked to shipments originating from China,” Europol announced in a statement on Wednesday. The European Union agen…
Europol has achieved a major blow to international crime.
A large-scale international police operation prevented an estimated €1.2 billion worth of counterfeit banknotes and coins from entering circulation. The operation, called Operation DECOY III, was coordinated by the European Police Office Europol and led by law enforcement agencies from Austria, Portugal, and Spain. The joint customs and police operation targeted criminal networks distributing counterfeit money through postal shipments. According…
Europol describes that the target was criminal networks that distributed false money through postal services and that 90% of the attendances occurred with shipments to China's origins.
The flowers came by mail: millions of euros, dollars or pounds - notes and coins. In 18 countries investigators struck. But the backmen sit elsewhere.
Law enforcement agencies from 18 countries seized around €1.2 billion worth of counterfeit banknotes and coins in Operation DECOY III, coordinated by Europol and led by Austria, Portugal and Spain. More than 90 percent of the seized items were linked to shipments from China, Europol said.
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