Brand owners need to be "credible” partners or efforts to target illicit funds could stall

At this week’s International Law Enforcement Intellectual Property Crime Conference in London, discussion focused on how to take down the ability of counterfeiters to profit from the sale of illicit goods. One tactic is collaboration with the payment processing industry, in a bid to choke off access to funds. However, brand owners were warned that they need to be credible partners and not seek to game the system for competitive edge.