Practical aspects of cooperation in combating production and distribution of counterfeit banknotes were discussed by Ukraine's Economic Security Bureau (ESB) and the U.S. Secret Service, according to a publication on the bureau's website.

"One of the key discussion topics was investigation of criminal proceedings related to production and distribution of counterfeit money. Special attention was paid to features of genuine foreign banknotes – their appearance, color scheme, paper composition and existing security elements that allow distinguishing them from counterfeits," the publication states.

The statement notes that the parties agreed on further cooperation, exchange of experience and coordination of actions in cases related to currency counterfeiting. It is expected that the approaches developed in this matter will become the basis for investigating other similar criminal proceedings.

The meeting was attended by the ESBU Director Oleksandr Tsyvinsky, First Deputy Director Taras Scherbai, Deputy Director Pavlo Buzdyhan, and Acting Head of the Main ESBU Detective Division Kostiantyn Ovcharov. The American side was represented by: Marc Dellasala, United States Secret Service, Special Agent in Charge, Britton Gardner, United States Secret Service, Resident Agent in Charge, Dmitriy Bukin, United States Secret Service, Senior Special Agent and Erkki Lenzius, United States Secret Service, FSN Investigator.

According to information on the American service's website, the U.S. Secret Service is a federal agency within the U.S. Department of Homeland Security that deals with protection of officials, combating counterfeiting, financial fraud and cybercrime. Regarding counterfeiting of banknotes, the service investigates forgery of bonds, checks and other financial obligations and securities, and their distribution.