Extra vigilance on imports to prevent money laundering

Bangladesh Bank has kept extra vigilance on imported products in a bid to prevent money laundering.

The central bank issued a circular with some directions on Monday (September 18).

In order to prevent smuggling, importers and agents will have to provide additional information including details of products, quality, brand, date of manufacture, packaging and grade, according to the circular.

Information about imported products should be given in such a way so that the quality of the products can be justified. Unit price and information to justify products must be provided, the circular said.