Taipei, The public has been warned of the circulation of counterfeit NT$1,000 notes in Taiwan following the arrest of two people suspected of forging money in the southern city of Chiayi.
The counterfeit money -- all in NT$1,000 notes -- with a total value of NT$350,000 (US$11,905), have gone into the market, the Criminal Investigation Corps under the Yunlin County Police Bureau said Tuesday, advising people to check their notes based on the following information.
The forged notes were printed with the serial numbers of JN365830ZF, FL689155WG, LX543727CK, LX543631CK, MU919682BT and MU919652BT, the police said. Apart from that, there are also several ways for people to tell counterfeit bills from authentic ones.
On genuine notes, the color of the figure 1,000 changes from gold to green and the glittering anti-counterfeiting strips are seamlessly imprinted, unlike the counterfeit notes, on which such strips are stickers that people can feel with their fingers, the police said.
Also, the watermarks on the real notes can be easily spotted, while those on forged notes are obscure and ambiguous.
Using a counterfeit note detector is also an option, the police suggested, warning that while currency circulation is normally high before and during the Lunar New Year holiday from Feb. 15-20, people should stay alert to the circulation of counterfeit notes.
On Tuesday, the Yunlin County Police Bureau announced the arrest of one woman, 38, a new immigrant from Vietnam identified only by her surname Nguyen (?), and one Taiwanese man aged 53, surnamed Chuang (?), at a rented housing unit in Chiayi City a day earlier.
On the site NT$2.6 million-worth of counterfeit NT$1,000 notes were seized, as well as templates used for the forgery.
According to the police bureau, it received tip-offs of a money counterfeiting activity in the Yunlin and Chiayi areas of southern Taiwan. It was also reported that counterfeiters intended to distribute the forged notes in the upcoming Lunar New Year holiday.
In their investigation, Nguyen was found to have befriended a man, identified only by his surname Chang (?), who was arrested in Chiayi City in 2016 on a charge of counterfeiting.
Because Chang has since then been detained, Nguyen turned to work with Chuang, a Chiayi resident, to restart the counterfeiting, police said.
Both Ngyen and Chuang are being investigated for offenses against national currency and fraud.
Source: Focus Taiwan