US Counterfeit Currency – Where is it Coming From?

The US Constitution gives Congress the power to “coin money and regulate the value thereof.” Currently, the Bureau of Engraving and Printing produces paper money in two locations: Washington D.C. and Fort Worth, Texas. The money printed by the US government facilities are the only ones that are legit paper currency. According to the Federal Reserve, up to 80% of US paper currency ends up outside of the US, equivalent to 2.5 trillion US dollars.

FM Qureshi Says Pakistan Meeting Money Laundering, Terrorist Funding Parameters

Foreign Minister Shah Mehmood Qureshi said Pakistan had made an unprecedented effort to implement guidelines and suggestions from the Financial Action Task Force on Money Laundering, and hoped that Pakistan would be satisfied with the FATF by presenting its stand at the next meeting. It is to be noted that earlier, the report of the FATF, and sub-organization Asia Pacific Group on Money Laundering (APG), was issued by Pakistan to prevent money laundering and terrorist financing. The actions taken have been reviewed.