Increasing sophistication of counterfeit banknotes and equipment fraud, and the associated response costs
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2018.
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- FY2018RestatedAnnual report
「The Group's banknote validator units support the currencies of more than 135 countries worldwide. Compared with Japanese currency, currencies in other countries are characterized by more frequent redesigns, more counterfeiting, and more fraudulent activity involving banknote validator units. The Group rapidly revises its software and supports products after delivery.」
Against a backdrop of coverage spanning more than 135 countries, the Group's response to counterfeiting and equipment fraud through software revisions and product support is reiterated. - FY2017RestatedAnnual report
「The Group's banknote validator units support the currencies of more than 135 countries worldwide. Compared with Japanese currency, currencies in other countries are characterized by more frequent redesigns, more counterfeiting, and more fraudulent activity involving banknote validator units.」
Against a backdrop of coverage spanning more than 135 countries, the risk of increasingly sophisticated counterfeit banknotes and equipment fraud, along with the costs of software revisions and compensation, is reiterated. - FY2016First statedAnnual report
「The Group's banknote validator units support the currencies of more than 135 countries worldwide. ... In recent years, counterfeit banknotes and fraudulent activity involving equipment have become more sophisticated and rapid.」
Against a backdrop of coverage spanning more than 135 countries, the Group identifies the costs of software revisions and compensation related to counterfeiting and fraud as risks.