Arab Today, arab today eu to introduce tough penalties for distributors of fake currencies
Last Updated : GMT 12:25:59
Arab Today, arab today
Arab Today, arab today

EU to introduce tough penalties for distributors of fake currencies

Arab Today, arab today

Arab Today, arab today EU to introduce tough penalties for distributors of fake currencies

Brussels - KUNA

Distributors of fake euro or other currencies could face tougher penalties under a draft EU law voted in the European Parliament's Civil Liberties Committee on Tuesday. It would require EU countries to set a maximum penalty of no less than eight years in jail for distributors and also allow police to use serious-crime tools, such as intercepting communications, to catch the culprits, said the EP in a press release. Fake euro have cost citizens and firms over 500 million euro since they came into general use in 2002. The euro is one of the three most-used currencies worldwide, making it a target for organised crime groups which specialise in forging money.

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Arab Today, arab today eu to introduce tough penalties for distributors of fake currencies Arab Today, arab today eu to introduce tough penalties for distributors of fake currencies

 



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