NAPLES, ITALY—  A counterfeiter who printed and sold €8m () worth of fake banknotes across Europe, with another €3m worth ready to go at his Naples-based printing premises has been arrested.An industrial-like production line containing 31 digital printing machines and extensive quantities of raw materials used for the production of fake banknotes. Counterfeit security features on the banknotes (such as holograms) were of high quality. Italian police arrested a  money counterfeiter, dismantled their “sophisticated counterfeiting print shop”, and seized nearly €3m in high-quality counterfeit banknotes. Experts from the anti-currency counterfeiting units tracked down the criminal believed to be responsible for selling millions of Euros worth of forged banknotes. In 2022 there was a major counterfeiter ring busted in Spain were using top-end technology to produce what were considered to be some of the most sophisticated fakes ever detected in the European Union.