You are here: Home - Credit Cards & Loans - News -

Amazon creates Counterfeit Crime Unit

Written by: Emma Lunn
The online shopping giant has set up a new team to investigate crimes and bring legal action against counterfeiters.

Amazon is launching a new Counterfeit Crimes Unit, which it says is dedicated to bringing counterfeiters to justice.

The global team, made up of former federal prosecutors, experienced investigators, and data analysts, will support the company’s existing efforts to protect its customers from counterfeit goods.

Amazon says its primary focus is preventing a counterfeit from ever being listed on its website.

Last year saw Amazon invest more than $500m to fight fraud and counterfeit goods. It says its efforts have blocked more than 2.5 million suspected “bad actor” accounts before they were able to make a single product available for sale and blocked more than 6 billion suspected bad listings in 2019.

Dharmesh Mehta, vice president of customer trust and partner support at Amazon, says: “Every counterfeiter is on notice that they will be held accountable to the maximum extent possible under the law, regardless of where they attempt to sell their counterfeits or where they’re located.

“We are working hard to disrupt and dismantle these criminal networks, and we applaud the law enforcement authorities who are already part of this fight. We urge governments to give these authorities the investigative tools, funding, and resources they need to bring criminal counterfeiters to justice because criminal enforcement—through prosecution and other disruption measures such as freezing assets—is one of the most effective ways to stop them.”

Amazon says The Counterfeit Crimes Unit will enable the company to more effectively pursue civil litigation against suspected criminals, work with brands in joint or independent investigations, and aid law enforcement officials worldwide in criminal actions against counterfeiters.

A study by the Anti-Counterfeiting Group (ACG) found that a third (31%) of consumers unintentionally bought a fake product online in 2019.

Neena Bhati, head of campaigns at Which?, says: “This is a welcome step from Amazon and we look forward to seeing it quickly lead to improvements when it comes to tracking down fake goods.

“We have seen a growing number of issues on sites such as the sale of dangerous products on online marketplaces, misleading fake reviews and scams. Online platforms should be made more responsible for preventing and cracking down on illegal activity on their sites to ensure the safety of their customers.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

It’s time to get your finances in shape for summer, and moving your cash savings to a higher paying deal is ...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Cancelled holiday or event: The credit card refund mistake you must avoid

With millions of holidays, events and activities cancelled because of coronavirus, refunds are being paid back onto credit cards. But...