August 27, 2014
Colombian authorities say they have seized $19 million in forged U.S. currency so far this year, five times the amount confiscated last year.
A statement from the Presidency's press office says 16 people
have been arrested in Colombia and the United States in connection
with the seizures and seven illegal counterfeiting print shops have
It said Tuesday that $4.3 million in counterfeit bills were
seized in all of 2008.
Felipe Munoz, director of Colombia's DAS intelligence agency,
says the raids have contributed to his agency's investigations into
networks that support drug trafficking.
DAS attributes the fivefold spike in counterfeit bill seizures
to improved intelligence and police work.
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