Counterfeit Veterinary medicines reach $2bn
A recent Health for Animals (a global veterinary medicine association) report has revealed that illegal veterinary medicine is distributed through a range of illicit channels such as suspicious websites, social media, e-commerce websites like Alibaba and street vendors. The report also states that fake veterinary medicines have been found in the legal supply chain in several parts of the world. The association estimates that this expanding black market is generating a yearly loss of $1 to $2bn for genuine medicine manufacturers.
Cryptomice wins EU blockchain anti-counterfeit challenge
The European Union’s challenge to coders to create the best anti-counterfeiting blockchain solution was won by Team Cryptomice from Italy, which scooped a EUR 25,000 prize for its “virtual twin” method of physical verification. The inaugural  EU Blockathon  2018 was held by the  European Union Intellectual Property Office  (EUIPO) and the European Commission on 22 – 25 June and winners were announced at a ceremony in Brussels, according to a press release.
GoI denied information on sale of currency printing presses
The Government of India had denied to reveal the information about number of security presses used for printing currency have been sold off since 1947 . The information was denied in reply to RTI (right for information) filed by Manoranjan S Roy. H e claims to have smelt a rat in the management of currency by the banking system. Conflicting RTI replies to the same question by different agencies, he says, made him aware of the mismatch between the currency printed, the currency received and rejected and the currency in circulation.
Global E-Passport and E-Visa Market Is Expected to Reach 14230.1 Million USD by 2025
According to a latest report released by QY research the global E-passport and E-visa market is valued at 7879.4 million USD in 2017 and is expected to reach 14230.1 million USD by the end of 2025, growing at a CAGR of 6.35% between 2017 and 2025. This report studies the E-passport and E-visa market status and outlook of global and major regions, from angles of manufacturers, regions, product types and end industries; this report analyzes the top manufacturers in global and major regions, and splits the E-passport and E-visa market by product type and applications/end industries.
India to ratify WHO protocol against illegal trade of tobacco
The Indian Cabinet had cleared the decks for ratification of WHO Protocol to Eliminate Illicit Trade in Tobacco Products by India . The protocol applies to prevention of illegal trade of both smoking and smokeless (chewing) forms of tobacco.The move comes in the wake of a growing illegal tobacco market in India which is threatening tobacco control by flooding the markets with cheaper foreign brands of tobacco that are in turn easily accessible to consumers.Illicit cigarette market is particularly growing with the local tobacco industry estimating the market at 20 per cent of the whole.Illicit tobacco products are not only cheaper because they are out of the domestic tax net, these are also more attractive to consumers by way of non-compliance with the anti-tobacco pictorial health warnings.
Fake cement factory unearthed
Bihar; India: The police had unearthed a factory manufacturing fake cement . The police seized over 5,000 bags of empty or filled cement bags. The factory was manufacturing cement of all brands, such as Birla Gold, Lafarge and others available in the market," said a police officer at Gaurichak police station on the condition of anonymity. The police also recovered machines for packing the cement bags and labels of different companies. The police officer said the accused used to collect expired cement bags kept in storehouses of companies and fill it up with the stuff they manufactured. They then repackaged it with logos of reputed cement companies.
UAE launches digital tax stamp to target tax evasion
The Federal Tax Authority (FTA) will launch an electronic tracking system which uses digital tax stamps to ensure excise tax on tobacco products has been paid at an awareness meeting held in Dubai. Set to go into effect in early 2019, the system seeks to combat tax evasion and commercial fraud, supporting the FTA’s efforts to successfully implement excise tax systems and verify payment of excise tax on tobacco products. The system seeks to ensure that all excise taxes on cigarettes—and later, all tobacco products—is collected. To that end, digital stamps will be attached to these products, which allows for tracking and monitoring them. The use of digital tax stamps is an innovative solution to combatting tax evasion, facilitating inspections, and monitoring customs and markets to prevent the sale of products when the due taxes have not been paid. The digital tax stamps are placed on the packaging of tobacco products and registered in the FTA’s database. The stamps contain tax-related data that can be read using special devices.
Uhuru says Kenya losing billions in fake goods racket
Kenya loses over Sh30 billion in revenue annually as a result of tax evasion, counterfeiting and unlicensed products , President Uhuru Kenyatta has told Parliament. Mr Kenyatta says the Anti-Counterfeit Agency seized goods worth Sh1.7 billion in 2017 and destroyed counterfeit products worth over Sh700 million. “Tax evasion, counterfeiting and unlicensed products like alcoholic and illicit brews in circulation in Kenya is denying the economy over Sh30 billion in annual revenue,” Mr Kenyatta said in a report on the State of the Nation’s Security that he tabled in Parliament when he addressed MPs during his annual State of the Nation’s Address last week.
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Industry Events
ASPA extend its support and signed barter agreement with Smart Card Expo , Anti-Counterfeit & Currency Conference & Pharma Pro Pack Expo 2018 for upcoming year. Whilst the SmartCards Expo focuses on smart card & payments, the Anti-Counterfeit & Currency Conference is dedicated to cash management, currency and secure document supply chain exhibition. ASPA is also supporting following event for upcoming year;






Latest Tender Alert
I). Organisation Name: VU MEDISCH CENTRUM
Description: Contract notice: Market consultation - Track & Trace patient bound material
Deadline: 22 Nov 2018

II). Organisation Name: CANADA REVENUE AGENCY
Country : Canada
Description: Request for Proposal (RFP): Provision of Excise stamp system
Deadline: 08 Aug 2018

III). Organisation Name: TECHNICAL AGENCY OF TERRESTRIAL TRANSPORTS
Description: International call for bids: purchase of consumables and holograms for pc and ci printers
Deadline: 15 Aug 2018