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Strict verification of product price before opening LC

Dhaka, Sept 19: Money laundering has increased in foreign countries through imports. The government is losing revenue. The central bank is concerned about the matter. In such a situation, Bangladesh Bank has become active in checking the price of imported goods to control money laundering. Henceforth the importer or his domestic agent has been asked to provide several details including full details of the product, value, brand, date of manufacture, packaging information and grade.