Police Seize $220,000 Worth Of Fake Banknotes

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2019-04-22 HKT 17:24

Share this story

facebook

  • Police seize $220,000 worth of fake banknotes

Police have arrested four Hong Kong residents for producing and using fake bank notes.

Officers raided a commercial unit in Aberdeen and seized 500- and 100-dollar fake bills with a face value of about $220,000, as well as equipment for their production.

An acting chief inspector of the Commercial Crime Bureau, Tse Ka-lun, said he believed most people would be able to identify the counterfeit notes.

"The quality of the counterfeit banknote is quite poor. The way they print it, the way they put the security feature - the fake security feature is quite poor," he said.

"So I think most of the general public can tell the difference, if they have a good look at the banknote itself."

RECENT NEWS

ZA Bank Kicks Off Crypto Trading Pilot In Hong Kong

Hong Kong’s digital bank, ZA Bank, has begun testing a virtual asset trading service in a regulatory sandbox. The ser... Read more

HKMA Expands CBDC And Tokenisation Trials With Brazil And Thailand

The Hong Kong Monetary Authority (HKMA) is broadening its efforts in the digital currency space by partnering with both... Read more

Hong Kong Fintech Week 2024: HKMA Unveils Fintech Connect, Expands Tokenisation Efforts

Hong Kong Monetary Authority (HKMA) debuted Fintech Connect, its first cross-sectoral sourcing platform, during Hong Ko... Read more

HSBC, Ant International Test Blockchain HKD Cross-Bank Transactions In HKMA Sandbox

HSBC and Ant International have completed HKD-denominated cross-bank test transactions using blockchain technology unde... Read more

ZA Bank Offers Referral Rewards For Business Accounts

Hong Kong’s ZA Bank announced that it has introduced a business banking referral programme. Existing personal banking... Read more

HKMA Launches IADS Developer Platform For Secure Data Sharing Among Local Banks

The Hong Kong Monetary Authority (HKMA) has officially launched the IADS Developer Platform in partnership with the Hon... Read more