MORE than 400 people have been arrested for creating €19 million worth of counterfeit bank notes in the last three years.

The arrests are the result of a joint operation between the national and regional police forces across Spain.

The National Police, which have a specialised counterfeit unit, has smashed 35 gangs and closed 24 factories used to create the fake notes in this time.

The European Central Bank has issued a guide in English to spot fake notes.


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