Threat detection and security screening technologies firm Smiths Detection said it has launched iCMORE Currency, a new automated detection algorithm currency recognition software.
“We are very pleased to announce iCMORE Currency, the latest round of enhancements for our HI-SCAN series,” Smiths Detection Digital Market Director Cymoril Métivier said. “Money laundering is a global issue, it damages economies by removing money that would otherwise go towards tax and investment, fuels criminal activity, and promotes the underground market for illicit goods and services.”
Métivier said the technology would serve as a tool deployed to combat money laundering and equip customs operators with adaptable technology within existing Smiths Detection scanning machines without compromising speed, efficiency, or accuracy.
iCMORE Currency possesses the capability to detect upward of 100 banknotes in US dollars, Euro and Saudi Riyal rolled or stacked in hand luggage and daypacks.
The United Nations Office on Drugs and Crime has estimated money laundered globally annually is $800 billion to $2 trillion in current US dollars. Bulk currency is difficult to distinguish from other objects on the X-ray image, such as a bar of soap.
The technology can be integrated into the HI-SCAN 6040aTiX, HI-SCAN 6046si, HI-SCAN 6040-2is, HI-SCAN 6040DV, HI-SCAN 7555si, and HI-SCAN 7555aTiX equipment, supporting customs and security operators at border crossings, airports, cross border railway stations, cruise lines, and ports.