Does Counterfeit Money Smell Different From Real Money

Does Counterfeit Money Smell Different From Real Money

Funny Money Going to​ the​ Dogs

The advancement of​ digital technology,​ with computer scanning capability and high-resolution printers,​ has made production of​ large quantities of​ counterfeit currency relative child’s play. Virtually anyone anywhere in​ the​ world can do it,​ and in​ a​ very short time. But counterfeiting is​ one of​ the​ oldest crimes in​ history. the​ United States Secret Service was established back in​ the​ 19th century at​ the​ end of​ the​ American Civil War as​ a​ remedy to​ the​ fact that one-third to​ one-half of​ all the​ currency flooding the​ nation’s market was fake.

Today in​ the​ 21st century,​ the​ Secret Service’s role has expanded to​ include aggressively pursuing American money counterfeiters and traffickers internationally. the​ crime of​ currency counterfeiting is​ once again on​ the​ rise and poses a​ potentially serious threat not only to​ the​ nation’s economy but world economy as​ well. Fortunately,​ the​ Secret Service has developed a​ new super-powerful weapon against bogus bill manufacturers: the​ sense of​ smell.

Well,​ perhaps it’s safer to​ say that weapon really isn’t all that new; in​ fact,​ it’s long overlooked but now newly appreciated. And most people (i.e.,​ human beings) don’t really have the​ capacity to​ sniff out forgeries,​ but it​ should be no surprise to​ anyone that dogs can.

A report released jointly by the​ U.S. Secret Service,​ the​ Treasury Department and the​ Federal Reserve Board revealed that Colombia is​ one of​ the​ leading countries in​ the​ production of​ U.S. “funny money” and is​ responsible for about 15 percent of​ all circulating fake currency throughout the​ world. in​ fact,​ since 1998,​ the​ Secret Service and Colombian authorities have seized more than $150 million in​ forged bills and taken down operations that could have produced billions more.

They had the​ help of​ “Mike,​” the​ first canine trained in​ the​ sniffing out and detection of​ counterfeit currency. Just as​ working dogs have been trained to​ smell a​ variety of​ items such as​ explosives,​ agricultural products,​ missing people – even cancer – there has been great success in​ teaching Mike and his canine colleagues to​ detect many of​ the​ most commonly produced counterfeit U.S. notes. With funding from the​ Secret Service,​ Colombian authorities established a​ counterfeit detection canine program where teams of​ a​ dog and its handler underwent a​ 12-week training program. Since that time,​ the​ Secret Service has used canine detectives in​ the​ U.S. and throughout the​ world to​ combat the​ dishonest dollar.

If you don’t have your own super sleuther-sniffer,​ or​ to​ find out about other anti-counterfeiting features,​ cool new U.S. currency designs,​ and fun money facts,​ visit the​ website of​ the​ U.S. Bureau of​ Engraving and Printing. or​ see the​ web page of​ the​ Treasury Department’s Financial Crimes Enforcement Network for more information on​ fighting other financial crimes,​ including terrorism financing and money laundering. For more information on​ U.S. policy,​ see Terrorist Financing. Also check out the​ handy and informative website from the​ U.S. Secret Service with sections called How to​ Detect Counterfeit Money and Know Your Money to​ offer advice on​ how to​ guard against forgery losses.

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