Monetary crimes


Monetary crimes are all those related mainly to the counterfeiting of money.

Monetary crimes hurt users financially. For example, if a seller receives counterfeit banknotes for their merchandise, they will not be able to validly exchange them in another transaction. For that reason, the merchant's assets are affected.

It should be remembered that the monopoly of the issuance of money is in the hands of the governments. However, there are cryptocurrencies or bitcoins that are not issued by any central bank.

The use of bitcoins does not constitute a crime because it does not involve the manufacture of an existing currency. Instead, a new currency is being created. Furthermore, users are aware of the exchange medium they are using.

Types of monetary crimes

The main types of monetary crimes are:

  • Manufacturing: It is the production of money by individuals for fraudulent purposes. That is, the criminal seeks to deceive the market with bills or coins that are not really valuable.
  • Alteration: It is the modification of real money. This, in order to make it appear a higher or lower value compared to the real one.
  • Traffic: It is when a person, knowing that a coin or bill is counterfeit, puts it into circulation to make a profit. This can happen when entering or withdrawing cash from the country, or through its transport or commercialization within the national territory.
  • Provision of tools or raw materials: Consists of the production, import or export of machinery or supplies for the illegal manufacture of money.

Fight monetary crimes

The fight against monetary crimes occurs on two fronts:

  • Preventive: Authorities implement increasingly sophisticated security components. In the case of paper money, for example, watermarks and fluorescent prints are perfected. The objective of incorporating these improvements is that the user can easily identify the counterfeit money.
  • Punitive: The law of each country establishes the penalties for monetary crimes, including imprisonment and / or the payment of fines. In addition, at the international level, there is the 1929 Geneva Convention. This document specifies what types of offenses related to counterfeiting of coins should be punished.

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