ID :
188921
Thu, 06/16/2011 - 06:19
Auther :

S. Korea launches database on counterfeit money

South Korea has launched a large-scale database to keep track of information on counterfeit currency within the country, the state forensic agency said Thursday.
Until now, the information was handled separately by the relevant organizations, but the new system will compile all of their data for easier access, according to the National Forensic Service (NFS).
The NFS and the central Bank of Korea (BOK) started working on the system in May last year, and plan to include relevant data from the National Police Agency before the end of this year, it said.
The NFS has until now only kept data from its commissioned examinations into fake money, while the BOK has been responsible for tracking counterfeit currency found in banks. The state police agency, meanwhile, has compiled cases reported to individual police stations.
"With a database system, we expect to be able to determine the amount of counterfeit currency in the country and facilitate the collection of information regarding counterfeiting techniques and trends," an NFS official said. "This will help our investigation efforts."

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