Thousands Of Fake Skincare Products Seized
"); jQuery("#212 h3").html("

"); });
2019-07-15 HKT 18:27
Customs officers have seized more than six-thousand counterfeit skincare and cosmetics products from stores and warehouses across the territory.
Twelve people have been arrested over the haul worth around HK$600,000.
The counterfeit goods were 40 to 80 percent cheaper than authentic ones.
Customs divisional commander Peggy Tam said customers would have struggled to spot the fake goods – if not for the cheaper prices.
“The packing of these seized cosmetics and skincare products look very similar to the genuine ones. Some shops are displaying the genuine products with the counterfeit products to cheat customers,” she said.
Customs officers said they smashed two suppliers distributing suspected counterfeit products
The operation was carried out from Wednesday to Sunday, targeting seven shops in Causeway Bay, Yau Ma Tei and Sheung Shui and three storage facilities in Yuen Long and Fanling.
Of those arrested are directors, a shop owner and sales staff.
Under the Trade Descriptions Ordinance, the maximum penalty for anyone convicted of selling or possessing for sale any goods with a forged trademark is a fine of $500,000 and imprisonment for five years.
SFC Restricts HK$125M In Client Assets Over Suspected IPO Fraud Scheme
The Securities and Futures Commission (SFC) has issued a restriction notice to Futu Securities International (Hong Kong... Read more
HashKey Looks To Expand In Singapore With APEX Acquisition
HashKey is seeking to acquire APEX to expand its institutional trading and clearing operations in Singapore. Its wholly... Read more
HKMA Launches CMU Linkage With SIX For Access To Swiss And Spanish Markets
The Hong Kong Monetary Authority (HKMA) has launched a direct linkage between the city’s Central Moneymarkets Unit (C... Read more
Lianlian And UnionPay Partner To Develop AI Agents For Cross-Border Payments
Lianlian DigiTech and UnionPay International have signed a strategic cooperation agreement to develop AI-agent payment ... Read more
Nota Sign Integrates With Hong Kongs IAM Smart For Digital Signatures
Nota Sign has integrated its electronic signature platform with Hong Kong’s official digital identity platform, iAM S... Read more
HashKey Launches Unified Crypto Trading App Across Multiple Markets
HashKey has launched a single crypto trading app that consolidates its previously separate HashKey Exchange and HashKey... Read more