What can companies do against illicit trade? (Multiple answers possible)1 pointPrivate companies cannot do anything to prevent illicit tradePrivate companies can share information with public authoritiesPrivate companies can be part of public-private partnerships

Companies can take several measures to combat illicit trade:

1. Information Sharing: Private companies can share relevant information with public authorities. This can include data about suspicious activities, trends, or transactions that could indicate illicit trade. This collaboration can help authorities to detect, investigate, and prosecute those involved in illicit trade.

2. Public-Private Partnerships: Private companies can also participate in public-private partnerships. These partnerships can involve various stakeholders, including government agencies, law enforcement, and other private sector entities. They can work together to develop and implement strategies to combat illicit trade.

3. Internal Controls: Companies can also implement robust internal controls to prevent illicit trade. This can include measures such as rigorous supply chain checks, employee training, and strong compliance programs.

4. Technology: Companies can use technology to detect and prevent illicit trade. This can include tools for tracking and tracing products, data analytics to identify suspicious patterns, and cybersecurity measures to protect against illicit online trade.

5. Advocacy: Companies can advocate for stronger laws and regulations to combat illicit trade. They can also raise awareness about the issue and its impacts, both within their industry and among the general public.

So, it's incorrect to say that private companies cannot do anything to prevent illicit trade. They can play a crucial role in this fight.