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India, Bangladesh ink MoU to fight fake currency

fight fake currency  

India and Bangladesh have inked a memorandum of understanding (MoU) for full cooperation to tackle the menace of fake Indian currency notes (FICN) smuggling. The MoU was signed at a maiden meeting of the Joint Task Force on Fake Currency Notes (JTFFC) in Dhaka August 2015. Key facts Both countries have agreed to share intelligence inputs on operatives engaged in circulating FICN on real time basis in order to curb.

Advance note sorting machines: India will provide these machines to Bangladesh to detect FICN circulation at international airports, immigration points, integrated crossing points, banks and financial institutions in Bangladesh.

State-of-the-art facilities: India will establish these facilities for examination of fake currency notes in Bangladesh. It will facilitate maintaining a digital record of analysis and seizures of fake notes which will include creation of a database on smugglers for use by both countries.

 Forensic Science Laboratory: India will help Bangladesh to set up this laboratory for examination of fake notes and maintaining a digital depository of forensic reports.