Mascrade2024

Scan the QR Code to Register

MASCRADE 2024

Illicit trade is an unfair trade practice that undermines private sector contributions to economic growth and employment. It chokes market growth, sabotages global supply chains, squanders natural resources and endangers security. The growing network of illicit trade is a grave concern as it endangers lives of the consumers. Inadequate legal framework and lack of consumer awareness are shaping the dynamics of illicit trade. Imparting knowledge to the consumer on the importance of promoting genuine goods in the country can go a long way to tackle this menace. Therefore, significant policy reforms and strategies should be enhanced to fight against the growing hazards of counterfeiting and smuggling with the goal of keeping consumer safe.

“Our goal is to foster a healthy discussion on newer and practical strategies to mitigate the challenges of counterfeiting and smuggling

WHAT ARE WE DISCUSSING THIS YEAR?

PLENARY SESSION 1

Economic Impact and the Hidden Costs: Unraveling effects of Illicit Trade on Global and Indian Economies

The session will talk about:

The prevalence and magnitude of illicit trade both globally and within India, with a focus on identifying key trends and patterns.
Quantifying the economic losses incurred due to illicit trade practices, including revenue losses, market distortions, and impacts on GDP growth.
Discussing the effects of illicit trade on employment opportunities and livelihoods, particularly in vulnerable sectors and marginalized communities.
Setting unified global standards to detect, disrupt, and deter illicit trade and terror financing channels.
Evaluating existing policy frameworks to combat illicit trade and identifying gaps in regulations.

PLENARY SESSION 2

Advancing International Strategies and Fostering Unified Vigilance: Multilateral Collaboration to Combat Illicit Trade

The session will talk about:

Identifying best practices that promote transparency, accountability, and good governance to tackle illicit trade.
Delving into the significance of building alliances and fostering cooperation among international intelligence agencies, and regulatory authorities to combat illicit trade.
Exploring strategies to facilitate seamless information exchange and intelligence sharing across borders.
Examining the need for harmonized legal and regulatory frameworks that facilitate cross-border cooperation.
Enhancing global regulations and bolstering enforcement mechanisms.

PLENARY SESSION 3

Emerging Tech Frontiers: Challenges and Opportunities in Countering Illicit Trade with Growing Technology

The session will talk about:

Leverage cutting-edge technologies like artificial intelligence (AI), machine learning, blockchain, and data analytics to proactively detect and thwart illicit trade pattern.
Implement robust cybersecurity protocols to shield institutions against evolving cyber threats and attacks.
Explore collaborative research initiatives to innovate new technologies aimed at detecting and deterring illicit trade routes.
Integrate supply chain transparency solutions to trace the origins of goods and identify potential points of illicit activity.
Foster public-private partnerships to raise awareness and educate consumers about the risks associated with counterfeit and smuggled goods.

PLENARY SESSION 4

Panel Discussion
Analyzing Threats and Strategizing Response: Defending Borders Against Organized Illicit Activities

The session will talk about:

Role of enforcement agencies in detecting and investigating illicit trade
Empowering financial intelligence units and regulatory bodies to track and disrupt illicit financial flows linked to organized crime and smuggling.
Implementing proactive measures to identify and mitigate vulnerabilities in supply chains susceptible to exploitation by illicit trade networks.

PLENARY SESSION 5

Driving Change: Industry Leadership in Anti-Counterfeiting and Anti-Smuggling Initiatives

The session will talk about:

Foster public-private partnerships and collaborative initiatives to address the challenges posed by counterfeiting and smuggling.
Monitor emerging threats, fraudulent activities, and recent security vulnerabilities posed by illicit operators.
Case studies and lessons learned from endeavors aimed at combating illicit trade.
innovative approaches to detect and mitigate threats within illicit markets.
Assess the hurdles and potential benefits of cross-industry and cross-sector collaboration in addressing illicit activities.

PLENARY SESSION 6

Harnessing Legal Power: The Judiciary’s Role in Combating Smuggling and Counterfeiting

The session will talk about:

Identifying opportunities for judicial collaboration with law enforcement agencies, government bodies, and international organizations to strengthen legal frameworks and enforcement mechanisms.
Analyzing the challenges faced by the judiciary in adjudicating intricate cases related to illicit trade, including evidence gathering, trial procedures, and sentencing.
Exploring the challenges faced by the judiciary in adapting to technological advancements and emerging trends in illicit trade.