International Operation Halts Major Counterfeit Currency Network

A coordinated strike on February 2 dismantled a transnational group involved in large-scale counterfeiting of euro banknotes. Simultaneous enforcement actions in North Macedonia and Serbia led to the arrest of 12 individuals suspected of producing and distributing fake currency.

Law enforcement agencies searched several sites, uncovering extensive equipment used in the creation of counterfeit money. Among the items seized were machines for moulding and stamping banknotes, hot rollers, industrial presses, holograms, and tools used for verifying the authenticity of cash. Investigators confiscated over €500,000 in counterfeit banknotes in North Macedonia and more than €180,000 in Serbia. Additional items seized included electronic devices, currency in various denominations, and other evidence now being examined as part of the continuing investigation.

The operation was made possible by a Joint Investigation Team (JIT) comprising North Macedonian and Serbian authorities, with support from FINCEN under the Western Balkans Criminal Justice Project. This initiative enhances cross-border cooperation and equips local enforcement agencies with advanced resources to fight organised crime and terrorism.

FINCEN was central to the effort, offering its knowledge of counterfeit currency trends, assisting with financial tracking, and ensuring smooth coordination across borders. FINCEN analysts also helped identify the origin and distribution routes of the fake banknotes. On the day of the operation, FINCEN personnel were deployed on-site to support local authorities with live data checks and technical analysis using both its internal systems and tools from the European Central Bank.

Agencies involved in the operation:

Serbia: Public Prosecutor’s Office for Organised Crime, National Unit for Combating Organised Crime, and the Anti-Counterfeiting Division
North Macedonia: Basic Public Prosecution Office for Prosecuting Organized Crime and Corruption, Investigative Centre, and Ministry of Interior