Smiths Detection Takes on Money Laundering with iCMORE Currency Algorithm

(08 Apr 2022, 11:47 +07)  Smiths Detection’s latest automated detection algorithm has been designed to spot currency.

iCMORE Currency can detect upward of 100 banknotes in US Dollar, Euro and Saudi Riyal, rolled or stacked in hand luggage and daypacks.

According to the United Nations Office on Drugs and Crime, the estimated amount of money laundered globally in one year is 2 – 5% of global GDP, or $800 billion – $2 trillion in current US dollars.

Bulk currency is hard to distinguish from other organic objects on the X-ray image, for example a bar of soap, therefore it is incredibly difficult for security operators to detect with current technology.

Smiths Detection’s latest automated detection algorithm has been designed to spot currency

iCMORE Currency is available immediately and seamlessly integrated into the HI-SCAN 6040aTiX, HI-SCAN 6046si, HI-SCAN 6040-2is, HI-SCAN 6040DV, HI-SCAN 7555si, and HI-SCAN 7555aTiX and will support customs and security operators at border crossings, airports, cross border railway stations, cruise lines and ports.

Cymoril Métivier, Digital Market Director, Smiths Detection, said, “We are very pleased to announce iCMORE Currency, the latest round of enhancements for our HI-SCAN series. 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. iCMORE Currency will be a vital tool in the ongoing fight against money laundering and equip customs operators with easily adaptable technology, within existing Smiths Detection scanning machines, across a wide variety of different scenarios, without compromising speed, efficiency or accuracy.”

Elsewhere in the iCMORE family, Smiths Detection has made iCMORE Weapons available for its entire conventional x-ray (CXS) and explosives detection systems (EDS) fleet.

The application of iCMORE Lithium Battery has also been extended to all HI-SCAN 100100 scanners – to include the single view system HI-SCAN 100100V/T as well as the HI-SCAN 100100V/T-2is.

With these new applications, the company now has more than 50 iCMORE unit-algorithm combinations available.

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