OLAF supports Italian authorities in dismantling major network of euro counterfeiters
A large police operation led by the Italian Carabinieri took place on 26 November 2014 targeting an organised criminal group of euro counterfeiters operating from the Naples region. Precautionary measures – including detention and house arrests – were taken against 56 persons suspected of being part of this group. Read more...
Report from the Commission to the European Parliament and to the Council - COM(2014)551 [73 KB] and Annex 1 [61 KB] - Annex 2 [68 KB]
Report from the Commission to the European Parliament and the Council under Article 12(5) of Regulation (EU) N°1210/2010 of the European Parliament and of the Council of 15 December 2010 concerning authentication of euro coins and handling of euro coins unfit to circulation
Report from the Commission to the Economic and Financial Committee - COM(2014)6536 [76 KB] and Annex 1 [102 KB]
Report from the Commission to the Economic and Financial Committee under Article 12(4) of Regulation (EU) N°1210/2010 of the European Parliament and of the Council of 15 December 2010 concerning authentication of euro coins and handling of euro coins unfit to circulation
Meeting of euro anti-counterfeiting experts: “11th Euro South East Conference” organised by OLAF
OLAF gathered experts in the fight against euro counterfeiting in one of the most sensitive regions for this crime – the Balkans. Read more…
OLAF experts train Colombian investigators on euro protection
The euro is one of the most counterfeited currencies and the target of criminals all over the world. The European Anti-Fraud Office (OLAF), which plays in important role in the protection of the single European currency, together with the National Public Prosecutor’s Office of Colombia organised a joint training seminar for members of Colombian law enforcement bodies. Read more ...
Three Arrested in Italian Counterfeit Coin Raid
An illegal mint was discovered during a late night raid of a garage in a secluded villa near Rome. Read more...
Euro coins are well protected against counterfeiting by several security features. Overall levels of counterfeiting have been relatively low.
However because each country's euro coins – with distinctive designs – are legal tender across the eurozone, common rules and coordination are needed to ensure anti-counterfeiting measures are equally effective in all countries. OLAF has a particular role in coordinating national measures.
OLAF's European technical and scientific centre supports national efforts to combat counterfeiting of coins by:
Contact ETSC at email@example.com or by fax on +32 2 292 18 84.
Regulation 1210/2010 on euro-coin authentication & handling of coins unfit for circulation [734 KB] introduces specific obligations for national authorities, banks and other credit institutions to ensure equal standards are applied throughout the eurozone. It also includes rules on the handling of coins that are unfit for circulation, as a result of long use, accident or damage.
Coin authentication relies mainly on coin-processing machines used in cash-sorting centres.
The ETSC and Coin National Analysis Centres test these machines and produce a list of approved coin-processing machines [256 KB] that pass the tests.
Manufacturers of coin-processing machines can obtain more information on detection tests, test sites and standard declarations of conformity from the ETSC (see above).
Regulation 2182/2004 on medals and tokens similar to euro coins and Amending Regulation 46/2009 prohibits the production and sale of medals and tokens bearing a strong similarity to euro coins, based on size, appearance and material. It aims to: