[I was unsure whether to post this in Money.SE, GraphicDesign.SE, or Security.SE, I finally chose Money.]
It's common to include Guilloché patterns on banknotes, security certificates, and passports to improve security against couterfeiting. I find it hard to believe that modern imaging and printing technology has problems reproducing any image they're given. Is this still an effective deterrent, or is it mostly a legacy of past technology? If it still works, how?