S. Korea’s Nano Brick begins supplying anti-counterfeiting solution to global firms
Nano Brick Co., a small- and mid-size enterprise in South Korea involved in nanotechnology, is drawing the attention of many global firms with its simple but innovative technology that identifies counterfeited goods with a thin sticker called M-Tag. The new technology is an outcome of eight years of intensive research and development.
According to Nano Brick, the company has started to supply M-Tags, a security solution that help sort out counterfeited goods, to local and foreign companies this year including Shandong Jingzhi Liquor Co., the producer of China’s well-known Jing Yang Chun liquor, SAEC Co., Japan’s electronic components manufacturer, as well as Jayjun Cosmetic and The Oozoo, Korea’s two leading mask pack manufacturers. Nano Brick has also begun the supply of M-Tags to the licensing company of Walt Disney in Southeast Asia. The company received orders of the thin, squared shaped sticker (1.5×1.5cm) after going through a long period of evaluation.
http://pulsenews.co.kr/view.php?no=193352&year=2016’
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Tobacco gangs using truck drivers’ cabs to smuggle cash
Tobacco smuggling gangs are hiding plastic bags stuffed with hundreds of thousands of euro in cash in the cabins of foreign-bound trucks in a new system to siphon off their millions. Customs officers have identified the trend after making a number of seizures, in one case involving a bag containing almost €300,000 in cash. In the vast majority of cases, the truck drivers claim they have no idea how the bag of cash got into their cabin — but Customs suspect they either do it for a small payment or under duress.
Tanzania to make public statistics on counterfeit mobile phone
The Tanzania Communications Regulatory Authority (TCRA) said on Sunday it will soon release figures on fake mobile phone handsets now being used in the east African nation, the region’s second largest economy. Many sub-standard and counterfeit mobile phone products entered the local market illegally and that it has been difficult to control such influx, Mungy told a news conference in the country’s tourist epicenter of Arusha.
http://www.newsghana.com.gh/tanzania-to-make-public-statistics-on-counterfeit-mobile-phone/
Lear MoreGovt should bring in regulations to counter selling of fake goods online: CEO
The Government of India should bring in regulations to counter selling of fake goods online, said Ameen Khwaja, Founder/ CEO, LatestOne.com.LatestOne.com is an e-commerce business defined in the category of specialty online retailers focused on tech & mobile accessories. Speaking to SME Times, Khwaja also said, “Most of the e-commerce marketplaces are selling sub standard products at cutting prices since they have less control or no control over quality of products sold by the sellers.”
Counterfeit Botox imported from Hong Kong, FDA reveals
The Food and Drug Administration (FDA) urged people to check product packaging carefully to avoid counterfeit goods, after several boxes of imported botulinum toxin injectable products were found to be counterfeit products that contained no botulinum toxin.
A package labeled as containing 11 boxes of botulinum toxin type A product — or Allergan’s Botox — sent from Hong Kong was intercepted by the Customs Administration and sent to the FDA for examination.
http://www.taipeitimes.com/News/taiwan/archives/2016/03/13/2003641480
Lear MoreFake tobacco factory busted in city, 4 held
The special squad of the commissionerate police with the help of the Laxmisagar police on Saturday conducted raids on two separate units manufacturing fake tobacco products of popular brands at LaxmiVihar and Haldipadia slum in the city.
The police seized 30 bags of raw materials worth lakhs of rupees kept in the units for making of zarda, a tobacco product used as an ingredient in paan (betel). The police also seized two machines and chemicals used for packaging and making of the product respectively.
MEPs vote to end tobacco agreement
The agreement, first made in 2004 when the EU showed that the three major companies were colluding with the black market in tobacco smuggling that costs EU governments at least €10bn a year in lost taxes, is due to be renewed or ended by July.
But furious members of the European Parliament voted to end the agreement first drawn up by the European Commission in a deal to settle a court action against the companies long believed to be part of the smuggling racket.
They were even more incensed when it emerged that part of the €2bn being paid over 15 years by the big three companies was helping fund OLAF, the EU’s anti-fraud office that has been investigating dirty tricks by the industry.
http://www.irishexaminer.com/ireland/meps-vote-to-end-tobacco-agreement-386740.html
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8 checks to ensure your pesticide is not a fake
Growers are being urged to check their pesticides are genuine ahead of the spraying season, with an estimated 7-10% of products on the EU market being fake. Trade in illegal pesticides, involving organised criminal gangs, is increasing around the world, and last year Europol seized 190t of illegal counterfeit pesticides on the Continent.
http://www.fwi.co.uk/arable/8-checks-to-ensure-your-pesticide-is-not-a-fake.htm
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Online Marketplaces Leverage Technology to Tackle Fake Products
Selling a product online allows businesses to reach a wider audience and new customers. Companies have started leveraging technology to reduce the rate of return of products faced by online marketplaces, reports Payal Ganguly for ET Bureau. Online marketplace Luxepolis is venturing into the trend by utilizing Radio Frequency Identification (RFID) technology to tackle the problem of returns. Luxepolis sells products ranging from designer apparel to high-end automobiles. The company uses near-field communication (NFC) enabled tag and reader to decipher codes that are unique to every product in order to validate the returned item.
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Smuggling continues to grow
The cigarette black market continues to grow: 17.8%, in January 2016, compared to 17.5% in November 2015, according to the latest data provided by the Novel Research company, sent to ACTMedia by JTI Romania press office.
„Also in January 2016, the North-Eastern area continues to be the region most affected by the illegal cigarette trade, with a black market share of 36.8%, although it has decreased compared to November 2015, by over 10 p.p. The North-Western and Western areas also hold significant shares, although they are on a downward trend (28.3%, and respectively 26.7%).
http://actmedia.eu/daily/smuggling-continues-to-grow/62715
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