SGS, the world’s leading testing, inspection and certification company, has published an article looking at the issues surrounding international trade fraud and the ways digitalization can help governments and customs authorities beat the criminals.

Global trade was values at USD 19 trillion in 2019. For some governments, 30% of their total revenue base comes from international trade. Long, complex supply chains benefit consumers with more affordable products and greater choice, and governments with tax revenue.

SGS’s Consumer Compact article looks at the impact international trade fraud has on governments and individuals and shows how digitalization is helping the authorities to overcome illegal activities such as the under- or over-invoicing of goods.

Read the original Consumer Compact article, ‘How Digitalization is Helping Governments Beat Fraud in International Trade’ [www.sgs.com/en/news/2021/10/how-digitalization-is-helping-governments-beat-fraud-in-international-trade]

SGS E-Valuator®
SGS’s automated solution pinpoints suspicious consignment values in real-time by constantly analyzing shipments and checking their declared values against a continuously updated database. It enables customs officials to target their efforts more profitably by focusing only on consignments with a high probability of fraud.

Learn more about SGS E-Valuator® [www.sgs.com/en/connectivity-and-products/government-and-trade-facilitation/e-valuator]

Subscribe here, www.sgs.com/en/newsletters/global/consumer-compact, to receive SGS Consumer Compact direct to your inbox.

For more information, please contact:

Email: [email protected]
Website: www.sgs.com/cgnr
LinkedIn: sgs-consumer-goods-&-retail

About SGS
We are SGS – the world’s leading testing, inspection and certification company. We are recognized as the global benchmark for quality and integrity. Our 93,000 employees operate a network of 2,600 offices and laboratories, working together to enable a better, safer and more interconnected world.