By: Bernie Chiu and Lilian Wu
Taipei, April 18 (CNA) Experts from the United States Secret Service began a three-day seminar on detecting counterfeit U.S. dollars in Taipei on Monday, the Central Bank of the Republic of China (CBC) said.
Yang Chin-long (楊金龍), the central bank’s deputy governor, said at a legislative hearing that counterfeit dollars have been of concern since a counterfeiting ring defrauded a local bank, Mega International Commercial Bank, of US$2 million in counterfeit US$100 bills earlier this year.
The counterfeit U.S. bills evaded detection by bank clerks and passed counterfeit money detectors, reports have said. [FULL STORY]