16th May 2024 at 7: 00 pm
FICCI CASCADE organized a X (Twitter) Space programme featuring Mr. Suvashis Choudhary, Former Joint Commissioner of Police, Chief Security Commissioner, Delhi Metro Rail Corporation and Think Tank Member, FICCI CASCADE on the “Need for a consumer voice to combat Illicit Trade” on Thursday, 16th May 2024. The discussion, led by Mr. Choudhary, provided valuable insights into the global landscape of illicit trade, emphasizing the impact of advancing technologies such as cryptocurrency, cyber threats, and artificial intelligence (AI), alongside public awareness campaigns and collaborative initiatives to curb illicit activities.
Mr. Choudhary adeptly underscored the detrimental consequences of consuming counterfeit goods, which pose severe risks including accidents, injuries, and fatalities. He delineated the jurisdictional hurdles faced by enforcement agencies, elaborating on how these transnational criminal networks exploit encrypted communication channels and dark web marketplaces to evade detection. Moreover, he provided a comprehensive analysis of the role of Information Technology (IT) and AI, highlighting their dual functionality in both detecting and enabling illicit trade, while spotlighting the challenges cryptocurrency presents in tracing illegal activities.
The discourse illuminated the imperative for robust international cooperation and inter-agency collaboration, stressing the indispensable role of social media influencers in amplifying public awareness. He lauded initiatives such as FICCI CASCADE for their pivotal role in safeguarding public safety and economic stability. Furthermore, Mr. Choudhary emphasized the criticality of consumer vigilance, advising consumers to patronize reputable vendors and validate product authenticity directly with manufacturers when uncertainties arise.
The session facilitated a dynamic exchange of ideas and strategies among participants, fostering constructive dialogue aimed at mitigating the scourge of illicit trade and fortifying socio-economic interests on a global scale.
The virtual program garnered exceptional enthusiasm, drawing participation from an impressive cohort of 19,000 attendees worldwide.
Overall, the session served as a catalyst for collective action, galvanizing stakeholders towards concerted efforts in combating illicit trade and fortifying global resilience against its pernicious impacts.
