Anti-counterfeit
DRI busts seven counterfeit currency modules across multiple states
The Directorate of Revenue Intelligence (DRI) has busted seven facilities involved in printing of fake Indian currency notes (FICN), the finance ministry said on Friday. On February 20, DRI conducted simultaneous searches at 11 different places across Maharashtra, Haryana, Telangana, Tamil Nadu and Bihar and busted seven additional modules involved in printing of FICN. In the present case, in Vikhroli West, Mumbai, DRI identified and located the importer. After thorough search in a densely populated locality, a sophisticated facility for printing and finishing the Fake Indian Currency Notes was unearthed and fake currency of denomination of Rs 50 and Rs 100, and several machinery/tools were seized. Seized items included laptops, printers, pen drives, security paper, A-4 sized papers and butter paper with watermark of Mahatma Gandhi etc. On the basis of the complaint filed by DRI officers, the person was arrested and all the apparatus and tools were seized by the jurisdictional poli
 "DRI busts seven counterfeit currency modules across multiple states")
Carrying Adidas, Nike fakes to US? Customs can destroy counterfeit goods
An individual may possess one counterfeit item per type for personal use only, not for sale. Possession of quantities exceeding this limit is prohibited, as per US Customs and Border Protection rules
 "Carrying Adidas, Nike fakes to US? Customs can destroy counterfeit goods")
Amazon invested $1.2 bn, hired 15,000 people in 2023 to tackle counterfeit
Online marketplace Amazon invested more than USD 1.2 billion and hired about 15,000 experts in 2023 to protect the brand, its sellers, and customers from fraud and counterfeit, according to the Amazon 2023 Brand Protection Report. Amazon said when a customer purchases from the store, they trust they will receive an authentic product, and when businesses choose to sell in the store, they trust Amazon to provide a great selling experience free from competition with bad actors. "In 2023, Amazon invested more than USD 1.2 billion and employed more than 15,000 people, including machine learning scientists, software developers, and expert investigators, who were dedicated to protecting customers, brands, selling partners, and our store from counterfeit, fraud, and other forms of abuse," it said. Amazon said it uses document forgery detection, advanced image and video verification, and other technologies to confirm the authenticity of government-issued identity documents quickly and whethe
 "Amazon invested $1.2 bn, hired 15,000 people in 2023 to tackle counterfeit")
Inclusion in USTR report on notorious mkts list is ill-informed: Snapdeal
Snapdeal, along with four Indian shopping complexes, two of them in New Delhi alone, have figured in the latest 2020 Review of Notorious Markets for Counterfeiting and Piracy
 "Inclusion in USTR report on notorious mkts list is ill-informed: Snapdeal")
Amazon partners with US government agency to combat counterfeit goods
The joint effort will analyse data and conduct targeted inspections at US ports of entry aimed at preventing counterfeit products from entering the US supply chain.
 "Amazon partners with US government agency to combat counterfeit goods")
Counterfeit products cause over Rs 1-trn loss annually in India: Report
Trade of fake goods causes loss to the companies and governments while creating profit for organised crime gangs
 "Counterfeit products cause over Rs 1-trn loss annually in India: Report")
Anti-counterfeit services gain traction
Companies are now availing anti-counterfeit advisory to ensure that their products are not duplicated and sold illegally in the market
 "Anti-counterfeit services gain traction")
