Skin Care Myth: The label looks safe, so it must be ok? You’re armed with a list of all the ingredients to look out for on the label. It doesn’t say it contains formaldehyde or parabens, so they must not be in there. Unfortunately a lot of chemical cocktails hide under the term “fragrance” which allows the company to not actually list what is in it. There are all sorts of loopholes in the beauty industry.