Wednesday, October 30, 2013

Global Impact: Perú Emerging as a Center for Counterfeiting Foreign Currency

According to The Latin American Tribune, Peruvian police on Tuesday (October 29) arrested a suspect who planned to travel to the United States with more than US$4 million in counterfeit dollars and euros.

The head of the Peruvian National Police Bribery Division, Col. Segundo Portocarrero, said the US$3.7 million in phony $100 bills and a smaller quantity of counterfeit 20-, 50- and 100-euro notes were seized at an inn located in the northern Lima district of Comas after a four-month-long investigation.
COMMENT: Authorities identified the arrested suspect as Pablo Sierra Gómez and said they were looking for other confederates who might be implicated in the counterfeiting scheme.

In September 2013, a US Treasury Department official reported that Perú has become the world's largest foreign country for producing counterfeit currency.

In recent years, Peruvian police in recent years have seized more than US$100 million in counterfeit US dollars. 

Consequently, foreign travelers to Perú should obtain US dollars only through reputable Peruvian and international banking institutions.

For links to counterfeit dollars and euros, see:

US dollars: