Bangladesh Jeweller's Association (BAJUS) wants to work with Bangladesh Financial Intelligence Unit (BFIU) to stop gold smuggling.

BAJUS sent a letter to BFIU chief Md Masud Biswas in this regard on August 2.

The letter, signed by Bangladesh Jeweller's Association (BAJUS) President Sayem Sobhan Anvir, said the association is interested in joint operations with Bangladesh Financial Intelligent Unit (BFIU) to prevent gold smuggling.

According to BAJUS letter, the country's jewellery industry market is constantly expanding with nearly 40,000 members across the country.

The jewellery industry of Bangladesh is now moving towards exports and it is getting foreign investment. In such a context, gold smuggling has become a major crisis and challenge, the letter reads.

 Mentioning that smuggling is one of the main causes of dollar crisis, the letter said it not only encouraging corruption but also causing economic crisis.

BAJUS thinks that the ongoing dollar crisis, money laundering and gold smuggling syndicates have created volatility in the gold market, according to the letter.

BDST: 1201 HRS, Aug 25, 2022
MSK/SMS