Bank of Israel files first civil lawsuit against counterfeiters


The Bank of Israel has filed its first civil lawsuit against counterfeiters in an attempt to increase deterrence against those looking to forge banknotes.

“This is a relatively unconventional move,” Dr Ilan Steiner, head of the currency department at Israel’s central bank, told Central Banking. “The suit will send a clear and deterring message that in addition to criminal law, counterfeiters will also face civil lawsuits for significant amounts.”

This action follows an investigation carried

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