2016-11-28 Mon

Peru is known as the counterfeiting capital of the world and on 15th November, US officials made the largest seizure of counterfeit currency ever. Reports suggest that almost 17 percent of the counterfeit currency in the United States comes from Peru.

On 15th November, the Peruvian government, along with U.S. Secret Service agents, executed 54 pre-dawn search and arrest warrants in Lima with the help of over 1,500 Peruvian National Police officers. 48 people were arrested in total.

$30 million in counterfeit Federal Reserve notes and €50,000 in euro notes, six counterfeit plants, eight counterfeit manufacturing presses, and over 1,600 printing plates and negatives of varying denominations were busted.

A resident office was established in Lima by US officials to counter the increasing counterfeiting activities and to offer support and training to the National Police. An anti-Counterfeiting Task Force was created and Peruvian officers were trained at Secret Service training facilities.