The European Central Bank unveiled the new €50 note on 5th July 2016, and planned to release to circulation on 4th April 2017.
Like the €20 note, the new €50 note will incorporate with some high-tech security features to against counterfeiting. The new €50 note continues the theme of “ages and styles” from the first series and features Renaissance style and the main color is “orange”. You to find out more about more about the new €50 note security features on ECB official site.
As a member of ECB’s outreach program member, Masterwork Automodules has already got the new €50 database prepared for its products, and can be upgraded any time. Please contact us for supports to upgrade your MA machines for this new adaptation.
Seventeen elaborately forged $100 notes with 2003 printings have been discovered in the country, the nation’s spy agency said Thursday.
According to the National Intelligence Service (NIS), the so-called "super notes" were found when a Korean traveler, who visited Indonesia in late May, exchanged his U.S. currency recently at a local bank after returning home.
The bills were found to have almost the same defects as 1,400 counterfeit $100 bills with 2001 printings found in April, the NIS said.
On April 12, police caught four people who attempted to circulate the largest-ever amount of forged U.S. notes after smuggling them in from China.
The newly found bills were forged with such sophistication that it’s hard even for experts and investigators to distinguish them from genuine notes without up-to-date testing devices.
The intelligence agency added that these forged notes have been widely circulated in China and Southeast Asian countries such as Indonesia and the Philippines.
The agency recommended the public to have their $100 bills checked with the latest forgery detectors or by experts. Travelers are also advised to be extra careful when they exchange money at a small money exchange institute overseas.
The NIS also plans to inform bank officials of the characteristics of recent forgeries and hand out booklets containing related information.
According to the Bank of Korea, a total of 189 counterfeit $100 bills were discovered in the country in 2001. The number surged to 286 in 2002, 544 in 2003 and 667 in 2004.
Meanwhile, 2,508 counterfeit 5,000-won ($5) banknotes were found in the first quarter of the year, with 619 units of fake 10,000-won bills, the central bank said.
Police in McMinnville said they’ve never seen counterfeit money of such good quality before, and they believe more of it may be circulating.
The flaws in the bills can be seen under a light, but not by the ultraviolet pens many store clerks use to detect counterfeit money. Several bills were discovered last weekend at a McMinnville bank and a nearby WalMart, and investigators said the bills were difficult to detect because they were made from actual cotton fiber notes from the U.S. Mint.
"There’s a chemical they put in it and it actually lifts the ink from the paper, and basically you come out with just the white piece of paper, and they in return scan it off into a denomination they choose," said McMinnville Police Investigator Marty Cantrell.
The bills discovered over the weekend were $100’s, which were larger than the bills that are normally counterfeited. Cantrell said those bills also had other signs of being counterfeit.
"The serial number here on this bill and here on this bill are identical. So basically, that tells us obviously they counterfeited the same bill to make these two," Cantrell said.
Clerks working registers are trained to feel for phony cash. One cashier who heard about the counterfeit bills in McMinnville ordered more ultraviolet pens just to be prepared.
"We mark everything that is a $20 bill and up...every bill that we get, even out of the ATM," Donna Waller said.
Investigators said this isn’t the first time the city has seen counterfeit bills, and they were concerned that more bills of different denominations may surface.
"It’s possible for anything. There could very well be other ones coming," Cantrell said.
Police say you should call them if you think you have a counterfeit bill.
Civilian and military law-enforcement officials met at Yokosuka Naval Base, Japan, recently for a primer on detecting counterfeit U.S. dollars led by a Secret Service agent from Hawaii.
The 76 participants from U.S. and Japanese agencies learned some of the ways counterfeits are produced and ways to detect them, according to Naval Criminal Investigative Service investigator Stacey V. Nelson.
The Yokosuka office of NCIS hosted the training, led by Special Agent Anthony Opie from the U.S. Secret Service Hawaii Field Office.
Opie told participants that sophisticated counterfeit currency has appeared throughout Asia, most likely created by foreign criminal groups, according to an NCIS statement on the training.
However, Opie said, the more prevalent counterfeiters today make bills using home computers and sophisticated copying machines.
Participants came from NCIS, as well as the Air Force Office of Special Investigations; Army Criminal Investigations Division; Yokosuka and Naval Air Facility Atsugi security departments; and Army Military Police Investigations.
Nonmilitary U.S. participants included the U.S. Drug Enforcement Agency and Immigration and Customs Enforcement.
Japanese investigators from the Japan Maritime Self-Defense Force Criminal Investigation Division; Japan National Police; Japanese Customs; and the Japanese coast guard also participated, Nelson said.
According to recent news and government reports, counterfeit U.S. currency in Asia is a growing concern for law-enforcement agencies, but it’s not necessarily a new phenomenon.
In the mid-1990s, a rash of exceptional forgeries called "super notes" was discovered in Japan and many Southeast Asian countries, most likely emanating from North Korea, according to news reports at the time.
Since then, the U.S. Treasury Department issued a new series of redesigned notes.
But the new bills also are at risk. Earlier this month, the Wall Street Journal reported a bust of forged dollars in Taiwan in August that appeared to be similar in quality to super notes.
According to the article, investigators found $140,000 worth of fake bills, and some investigators in Taiwan suggested the find was just a fraction of the high-quality forgeries circulating in the region.
NCIS recommends that anyone who comes across suspected counterfeit U.S. currency retain the bills and note the passer’s description, identification, companions and vehicle if possible. Contact base security officials immediately.
For more information, visit the Secret Service Web site’s "Know Your Money" section at www.secretservice.gov/know_your_money.shtml.
The origin of the fake $100 bills circulating Winona is unknown to police, but they said whoever created them did a good job.
The bills appear convincing until you hold them up to the light, police said. To the right of the $100 bill’s Benjamin Franklin is a watermarked image of the $5 bill’s Abraham Lincoln.
This means the fakers are washing, or bleaching, ink from original $5 notes and printing high quality $100 bill images on original $5 treasury paper, police said Thursday.
"We just want to make it known to people that (the bills) are very good," said Paul Bostrack, deputy chief.
The typical safeguard used by cashiers and clerks, a marker pen that shows the bill is on fake stock, won’t work on these, he said.
Police announced yet another counterfeit $100 bill, this one turning up Wednesday at Winona National Bank’s West Broadway building, passed at a Winona business on Tuesday. This is the sixth one reported in a week in Winona.
John McCullough, executive director of the Retailers Protection Association in Minnesota, said the method used to make the Winona bills is not common.
"This is fairly new," he said. "We saw it about five years ago, a case, but that was a traveling group."
Similar counterfeit bills are showing up in Wisconsin, McCullough said.
"I would guess it’s a strong possibility it’s the same group," he said. "They’ll try to come through town, particularly during vacation seasons, and lay this fraud down before anybody can pick up on it, and quite frankly that’s why small towns are often hit the hardest."
Counterfeiters often scan money with computer equipment and print new money on non-treasury paper. Police Chief Frank Pomeroy said this has been the source of Winona’s counterfeit bills in the last few years.
"These are good," he said of the recent money.
McCullough said computer printers create much less convincing bills.
"The paper is really tough to get right," he said. "The feel isn’t right, it tears. It’s very tough to replicate the texture of a real bill."
According to the U.S. Secret Service, $47.5 million in counterfeit money was discovered in circulation in 2002. Of this amount, 39 percent was computer generated, compared with only 0.5 percent of the counterfeit currency seized in 1995.
According to Winona Police, the other fake $100 bills are two passed April 27 at ShopKo, one passed last week at Target and two detected Monday at Kmart.
Because of frequent handling, it is nearly impossible to pull perpetrators’ fingerprints from the bills, Bostrack said.
John Kirkwood, special agent in charge of the U.S. Secret Service office in Minneapolis, said bills similar to those circulating in Winona have turned up elsewhere in the state recently and are called "bleached notes."
"It’s a time consuming way of counterfeiting," Kirkwood said.
It’s also risky. The maximum penalty for making and circulating counterfeit bills is 15 years in prison, he said.
There is a "pretty good chance" the bills were made by the same source, Kirkwood said. The best way to detect a counterfeit is to compare a suspect bill with a known genuine note, he said.
While most people believe the Secret Service’s sole charge is protecting presidents, its original role was rooting out counterfeits, Kirkwood said.
The service was created in 1865 at the end of the Civil War, when up to a third of all currency in circulation was counterfeit, Kirkwood said. It was only after President William McKinley was shot in 1901 that the Secret Service took on the more familiar mission of guarding top government officials, he said.
The Secret Service was part of the Department of Treasury until two years ago, when it was moved to Homeland Security, Kirkwood said.
Reporter Jeff Dankert can be reached at (507) 453-3513, or e-mail: email@example.com.