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SCOPSIS and OpSec Security Collaborates with Regie Libanaise to Launch Digital Tax Stamp Program to Combat Illicit Trade and Boost Economic Reforms in Lebanon

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Beirut, Lebanon–(Newsfile Corp. – March 15, 2023) – SCOPSIS, a digital transformation company, and OpSec Security have announced the launch of the Digital Tax Stamp program in collaboration with Regie Libanaise to combat illicit trade and promote economic reforms in Lebanon.

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Prime Minister Najib Mikati was the guest of honor at the event, and he emphasized the importance of cooperation and reforms to overcome the current challenges facing Lebanon. Mikati said that the success of the Regie serves as an example of how productive and investment sectors can be managed successfully when those in charge respond to the requirements of the markets with the mentality of the private sector. The Prime Minister recognized the combined efforts of the Regie, SCOPSIS, and OpSec Security in launching and implementing the program, which has initially focused on tobacco product authentication and could potentially expand into other public sectors. The program aims to prevent illicit trade and safeguard the state’s financial resources.

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The Regie’s Director General, Eng. Nassif Seklaoui, also spoke at the event, welcoming Mikati and Lebanon’s Minister of Industrial Affairs, George Boujikian. Seklaoui further praised the fruitful cooperation with the Minister of Finance, Dr. Youssef Al-Khalil, to portray the keenness of adopting necessary measures to support the Regie’s work. Despite his emphasis on maintaining economic stability, Eng. Nassif Seklaoui played an instrumental role in launching the program as his leadership and expertise enabled the program to meet its initial objectives. His primary focus on innovation in the industry and enhancing aid efforts through the public sector underscores his commitment to driving positive change in this industry and other public sectors.

Furthermore, the collaborative effort between SCOPSIS and OpSec Security has resulted in the successful launch of the Digital Tax Stamp solution. The Digital Tax Stamp solution is poised to prevent the spread of counterfeit products in several sectors. The system incorporates unique identification markings and secure information transfer to protect revenue, comply with WHO FCTC protocols, increase brand equity, and promote market traceability.

With a 360-degree view of product movements in the supply chain, officials can obtain live data insights and combat counterfeit techniques. Ultimately, the Digital Tax Stamp solution aims to legitimize the trade industry, promote transparency, and good governance, demonstrating the commitment of SCOPSIS and OpSec Security to promoting ethical practices in the industry.

Mohamad Ali Ahmad, VP – Government Solutions at SCOPSIS in Beirut, stated that, “The initial phase of this project is a proactive step towards adopting the provisions of the World Health Organization’s Framework Convention on Tobacco Control (WHO FCTC). Besides preventing illicit trade and safeguarding Lebanon’s much-needed revenue, this project will be a shining example for other countries in the region, demonstrating Lebanon’s commitment to reform and progress.”

The event displayed the importance of Lebanon’s pathway to reforms and how the benefits will be able to aid the country. The Digital Tax Stamp solution represents a critical tool in ensuring compliance with international regulations, increasing transparency in the supply chain, and boosting consumer trust. The partnership between SCOPSIS, the Regie, and the OpSec Security demonstrates a commitment to the betterment of Lebanon’s economic prospects and stability.

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About Régie Libanaise

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 manufacturing and transport of all tobacco products sold within the country. The Lebanese Tobacco and Tobacco Reservation Department “RLTT” was established in 1935 and today operates as a public utility under the tutelage of the Ministry of Finance. The Chairman and General Manager of The RLTT is Eng. Nassif Sekloaui. The RLTT’s role is to manage the relationship between growers and manufacturers in the trade of tobacco across various Lebanese regions.

Today, The RLTT is the newest center for the tobacco industry in the Middle East and North Africa, it has achieved the highest quality standards ISO9001. It is also the first public facility to develop a strategy for sustainable development for the next ten years. The RLTT plays an important role on the economic, social, and developmental fronts, as it is considered the fifth source of support for the Lebanese treasury, and its revenues amounted to 550 Billion Lebanese pounds for the year 2019.

About SCOPSIS

SCOPSIS is a leading digital transformation company that strives for innovation in providing the most secure cutting edge-solutions for digital transformation, global identification, traceability, and authentication. Working for both governmental and corporate sectors, SCOPSIS is always striving to introduce new solutions and services with the highest degree of technological excellence for increased security and transparency.

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From supply chain control to brand protection strategies, the firm is determined to combat the ever-evolving counterfeit techniques and generate a fully integrated data-centric approach that promotes transparency, brand equity and revenue protection. Being at the forefront of this issue, SCOPSIS has been recognized as regional leaders within the realms of authentication and government strategy planning as numerous governments depend on their solutions to safeguard their products, documentation, and assets against illicit trafficking, fraud, and counterfeiting.

About OpSec Security

OpSec Security is the industry leader in providing uncompromised high-security solutions to governments across the globe to better protect citizens, enforce laws, and enhance revenue.

After decades of leadership in serving government agencies and security specialists, OpSec has earned a reputation as innovators in combining digital solutions with optical and material sciences. With 40 years of experience in implementing high security solutions for government clients, the experts at OpSec guide you through every step of the process with our technical staff, project managers, and engineers offering proven industry expertise. With a network of global partners and agents, we’ve aligned the best experts in the world to build your programs. Our partners often achieve full pay back of initial investment through increased revenue within the first year.

SCOPSIS Contact Details:

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Abdulrahman Chams
Marketing Coordinator (Corporate & Governmental Services)
Email: [email protected]
Phone: +961 71 52004
https://www.scopsis.com/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/158298

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

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Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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