CBP, ICE Report More than $1 Billion of Intellectual Property Rights Seizures

• Get updates on trade, Customs and regulatory changes
• Stay informed on trade compliance seminars,
  workshops and industry events

x

Government Security News Apr 26, 2016

U.S. Customs and Border Protection (CBP) and U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) released their annual report stating that the total number of products seized containing Intellectual Property Rights (IPR) infringements increased nearly 25 percent in fiscal year 2015.  The collaboration netted 28,865 seizures of shipments, an increase from 23,140 in fiscal year 2014.

Had these products been genuine, the estimated manufacturer’s suggested retail price (MSRP) of the seized goods would have been over $1.35 billion. This is a ten percent increase in the value of seized goods from the previous fiscal year, which were estimated at $1.23 billion MSRP. 

“CBP’s frontline interdictions, steadfast targeting, and close collaboration with ICE and other law enforcement agencies produced a record number of seizures of counterfeit and pirated goods,” said, CBP Commissioner R. Gil Kerlikowske. “The large increase in the number of IPR seizures reflects the hard work and dedication of our people across the country every day.” 

“Counterfeit goods present health and safety hazards, threaten the U.S. economy and fund organizations involved in violent crime,” said ICE Director Sarah R. Saldaña. “ICE is committed to working with CBP and our law enforcement partners to protect American jobs and people by stemming the illicit flow of these products into our country and our communities.”

Read Full Article on Government Security News »