Interesting article that gives some perspectives on one of the worlds largest areas for illicit trade. The lack of Track & Trace Systems shows that there are huge opportunities in the region to collaborate between technologies and major stakeholders to limit the effects of counterfeits, fakes and associated crime and illicit financial flows. In partnership with Quality Brands Protection Committee, China (QBPC) We look forward to covering much of this topic at The 4th GTDW Ant
Hong Kong customs has uncovered HK$85 million worth of smuggled cigarettes in the largest seizure of its kind in two decades, after authorities acted on intelligence indicating a syndicate was shipping the haul into the city in four containers. Some 31 million cigarettes were stashed in the containers from Yokohama in Japan. They were then shipped through different ports in South Korea, Vietnam and mainland China, according to Lee Hoi-man, deputy head of the Revenue and Gener
Delighted to welcome Michael Yu, North Asia Brand Protection Head, UNILEVER, Min Gao, GCA Managing Attorney, 3M, Ray Xu, Vice President Legal, PERNOD RICARD, and Roman Quaedvlieg, Former Commissioner, AUSTRALIAN BORDER FORCE as part of the leaders discussion: ‘Fostering productive collaboration among all stakeholders – government agencies, IP rights holders, law enforcement, industry associations, free zones, online marketplaces & international organizations to help remove da
Customs has intercepted 126 million counterfeit cigarettes since the beginning of the year, a record seizure, said the FPS Finance on Friday. These cigarettes, whose final destination is unknown, came from Southeast Asia and represent an amount of 65 million euros in import duties, excise duties and VAT evaded. Eight people have been arrested and are being questioned. On January 9, customs seized 10 million cigarettes from a warehouse in Stabroek, in the province of Antwerp.
Specialists in specific cargoes will carry out virtual assessments The Customs Department will take the ease of doing business initiatives to the next level by rolling out the concept of faceless assessment of cargo across the country over the next few months, whereby consignments will be assessed by a virtual group irrespective of where the Bill of Entry is filed, a top official has said. A Bill of Entry is a document filed by an importer or an exporter specifying the nature
Illicit Financial Outflows (IFFs) are a major source of leakage of economic value from African economies. Illicit Financial Flows (IFFs) can be traced back to commercial activities such as tax evasion, trade mis-invoicing and abusive transfer pricing. The introduction and implementation of the Digital Tracking and Tracing Solution (DTS) commonly known as the #DigitalTaxStamp will deliver transparency in the outputs of the manufacturing process from industrial production lines
“As a National Interest Project (NIP), GUCEG will enable trade and transport stakeholders to provide standardized information and documents through a single entry point allowing the swiftness, simplification, dematerialization, anticipation and cost reduction related to procedures. This cutting edge technology platform will boost the Guinean Government revenues.” VIEW ARTICLE Webb Fontaine #globaltrade #tradefacilitation #singlewindow #paperlesstrade #tradetech #tradetechnolo