By Chris Wack June 18, 2020 4:32 pm ET Philip Morris International Inc. said Thursday there is still a need for collaborative efforts against illicit cigarette trade, as a new report produced by KPMG underlined the changing nature of the problem in the European Union.
Newsletter Sign-up Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. The first ever EU-wide tracking and tracing system that was introduced last year under the European Tobacco Products Directive is an important tool for law enforcement and one that companies should continue to enhance through close collaboration and information-sharing to remain highly vigilant on emerging risks, Philip Morris International said. It said illicit trade undermines efforts to reduce smoking prevalence and makes unregulated tobacco products easily accessible.
Would love to see South Africa’s stats and ciggs are banned during lockdown
This is there new way to advertise. Make your one story. Sorry to see that you fall for this trick
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Unfortunately, no counterfeit cancers of lung
Not surprised, in Australia they are charging people around $40-$50 for some packets...
Disgusting. Anyone who smokes deserves what they get. ☠️
I wish I could buy them here in Australia. Might have to talk to some bikies.
Counterfeit or contraband? There's a difference.
stop taxing it so high then
Only dimwits and selfish pricks smoke (vape etc) in public or around others.
I would call it consumption of cheap under value products.
How am I supposed to feel about this? I won't subscribe to WSJ so I guess I'll never know.
Only because some people are still dumb enough to smoke.... Is it actually that far fetched to suggest that a cigarette manufacturer would produce counterfeit cigs and distribute through unofficial channels to avoid duties?
They are responsible, in great part, of 8 million deaths every year, 20 times more than all COVID-19 deaths in the world, and nobody bats an eye... strange times.
this isn't surprising it?
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