TORONTO, March 4, 2013 /CNW/ - The Canadian Anti-Counterfeiting Network (CACN) welcomes the new Combating Counterfeit Products Act proposed by the Government of Canada. This legislation has been a long-time coming after many years of advocacy on the issue.
"I am pleased that this legislation is moving forward—marking its introduction during 'Fraud Awareness Month'," said Wayne Edwards, Chair, CACN. "Counterfeiting has grown into a criminal activity that supports everything from organized crime to terrorism. That was mainly because in the current landscape, the risk of getting caught is low while the profit margin is extremely high. With this new legislation, the risk assessment will begin to change."
The Combating Counterfeit Products Act is recognition that Intellectual Property theft is a very wide-spread problem that is growing and that partnerships between law enforcement, industry, government and retail are required.
"Our testimony to the Standing Committee on Industry, Science and Technology in the House of Commons on October 30, 2012 regarding the Intellectual Property regime in Canada was well received," said Edwards. "We were successful in educating parliamentary members on the perils of counterfeit products, and by extension, the necessity of electrical safety."
Read the full press release at http://www.cacn.ca/press-release.html
The Canadian Anti-Counterfeiting Network (CACN) is a coalition of individuals, companies, firms and associations that have united in the fight against product counterfeiting and copyright piracy in Canada and internationally. www.cacn.ca.
SOURCE: Canadian Anti-Counterfeiting Network
For further information:
Chair, Canadian Anti-Counterfeiting Network