Digital tax stamp program launched with OpSec’s traceability and secure product marking solution
LONDON, GBR, Mar 30, 2023: OpSec Security, the global leader in physical and digital anti-counterfeiting and brand protection solutions, is delighted to announce the launch of a digital tax stamp program in partnership with the Régie Libanaise des Tabacs et Tombacs (Régie Libanaise) and technology partner SCOPSIS. The program is an important step toward protecting Lebanon’s revenues and fighting the illicit trade in tobacco.
The program launch was celebrated during an event attended by Prime Minister Najib Mikati, Minister of Finance Dr. Youssef Al-Khalil, Minister of Industrial Affairs George Boushikian, representatives of the British Embassy, and representatives of the Lebanese business community. During this prestigious launch event, OpSec’s cutting-edge solution for product authentication and traceability throughout the supply chain was demonstrated.
“I am delighted that OpSec’s Insight platform will provide traceability and secure product marking to help the Régie Libanaise secure and enhance their tax revenues,” said Peter Waker, Senior Vice President and General Manager of OpSec Authentication. “Combined with our highly secure authentication stamps, this comprehensive solution will combat the trade in illicit tobacco within the region.”
Régie Libanaise is the state-owned public organization controlled by the Lebanese Ministry of Finance and mandated to manage tobacco plantations, as well as the manufacture and transport of all tobacco products sold within the country. The current level of illicit trade in cigarettes within Lebanon is estimated to be around 25% of the total market, costing the government between $200-$250 million in annual lost revenues.
“This is a milestone achievement for SCOPSIS and we are thrilled to be a part of this historic program,” said Mohamad Ali Ahmad, SCOPSIS VP – Governmental Solutions. “We believe that this partnership will help improve the Regie’s production processes, increase its revenues, and create more job opportunities for the Lebanese people.”
To learn more about OpSec’s Insight platform that helps governments secure and enhance their tax revenues visit the website.
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OpSec is the world leader in brand authenticity and integrity, with a heritage spanning more than 40 years. We serve many of the world’s leading brand owners, licensors, and media rights owners (including around half of the Interbrand 100 Best Global Brands 2021) and are the only provider that addresses brand value and vulnerability across physical and digital domains. OpSec is also a provider of high-security and compliance solutions to governments. At OpSec, designers work with technologists, integrators, analysts, and domain experts to ensure solutions are brand-led, practical, and effective.
The OpSec portfolio of solutions helps brands monetize and protect their intellectual property. It includes on-product components (such as optical security and brand enhancement), digital platforms (including licensing management and product traceability), and online services (spanning online counterfeit detection, brand reputation protection, and digital content security). As opportunities and threats evolve, we expand our solutions to help brand owners navigate new challenges. Most recently this has included the takedown of NFTs that infringe upon the intellectual property of brand owners.