Domestic and international cooperation of law enforcement agencies in combating money counterfeiting by organizedcriminal groups

After analysing the qualitative and quantitative characteristics of organized crime that produces and sells forged banknotes and securities, its development, it may be concluded that effective counteraction to this negative phenomenon is possible with cooperation of all nations. It is caused by the fact that organized criminal groups counterfeit money, produce and sell hard currency (US dollars and euro), cooperate closely and broaden their criminal activity outside regions and countries. International Criminal Police Organization (Interpol) plays the main role in cooperation and investigation of money counterfeiting. It is the largest intergovernmental body consisting of 179 member-states. The USSR became a member-state of Interpol on September 27, 1990, at the 59 session of General Assembly of International Criminal Police Organization. Later the Russian Federation became its assignee. The Russian National Central Bureau is the Interpol representative in Russia. It has authority and recognition abroad. In the Ministry of Internal Affairs, in the Central Internal Affairs Directorate, and in the Directorate of Internal Affairs of 59 subjects of the Russian Federation, the branches of Interpol are established that make sufficient contribution in combating international crime. International Centre on combating money counterfeiters and securities forgers is the most important subdivision of Interpol. It directly realizes the objectives in the sphere of combating banknotes counterfeiting. International cooperation in the sphere of combating banknotes and securities counterfeiting is at the high level due to the effective and operative cooperation of law enforcement agencies. At the same time some provisions of the Geneva Convention of 1929 about combating banknotes counterfeiting is outdated, and its text requires revising. Firstly, the concept banknotes should be broadened: but for them, other securities (promissory notes, bills, letters of credit, signs of post payment) are forged.

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