Hearing on the problem of counterfeiting of U.S. currency abroad and its implications. Legislation making international counterfeiting of U.S. currency a Federal offense was only passed in 1994. Counterfeiting is one part of a double problem, the other being money-laundering; the two are usually found together. Witnesses include Theodore Allison, Board of Governors, Federal Reserve System; Jack Blum; Eljay Bowron, Director, U.S. Secret Service; Institute for National Strategic Studies; Dept. of the Treasury; American Numismatic Assoc; Robert Sims, State Dept.; and Kenneth Timmerman, Middle East Data Project.