E-commerce platforms play a vital role in connecting legitimate small businesses to larger consumer bases. However, criminals often exploit e-commerce platforms to offload illicit goods with relative anonymity.
The goal of the...INFORM Consumers Act is to add more transparency to online transactions and to deter criminals from acquiring stolen, counterfeit or unsafe items and selling them through those marketplaces.
Criminals typically create front companies on online platforms to advertise stolen goods for resale. They also leverage sophisticated methods, or at times professional money launderers, to further disguise their identities.
The Integrity, Notification and Fairness in Online Retail Marketplaces for Consumers Act...requires that online marketplaces like Shopify, Amazon and more "collect, verify and disclose" information about high-volume sellers of new or unused consumer-facing goods.
Collection
[
|
...
]