Police Seize $220,000 Worth Of Fake Banknotes

Monday April 22, 2019.

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

"); });

2019-04-22 HKT 17:24

Share this story

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."

Police Seize $220,000 Worth Of Fake Banknotes

Hong Kong Fund Industry May Double With Tokenised Finance And 24/7 Trading Access

HKMA Alerts Public To Scam Website And Login Screens Posing As Official Site

Hong Kong Fintech Promotion Blueprint Indicates 4 Incoming Flagship Projects

Visa To Enable Cross-Border Payments To 95% Of UnionPay Cardholders In China

HKMA Launches Fintech Blueprint With AI, DLT, Quantum And Cybersecurity Focus

How Gaming Giants Are Redefining The Experience Of Paying

navigation

media coverage

follow us