Tag : #Laws
A trademark can be differentiated and made for anything specific in the product. Sometimes, there are similarities in the sound or the phonetic pronunciation of the name of the product or the company. This concept is known as Deceptive Similarity.
Data security refers to a system of privacy rules, regulations, and procedures aimed at mitigating the interference into one's privacy triggered by the processing, storing, and distribution of personal data. Personal data usually refers to information or data belonging to a person that can be recognized by that information or data, whether obtained from any government or any private entity or department.
In the contemporary era of globalization and digitalisation, there is a growing trend of international trade and transactions. It has led to a rapid increase in money transfers internationally. Other factors like global commercial services, international production of goods and services, migration to foreign countries and overseas tourism have also contributed to this growth. People working overseas need to be able to send their earnings to their family members. These money transfers are regulated by strict rules as it involves huge amounts of cash and to prevent illegal transfers and money laundering. To prevent transfer of laundered money to offshore untraceable accounts, countries have placed stringent transfer rules.
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