DMCC CEO renews call to ban hand-carry gold on flights

The head of Dubai Multi-Commodities Centre (DMCC) has renewed his call for a global ban on hand-carry gold on flights to combat smuggling.

DMCC's CEO Ahmed bin Sulayem expressed concern over the lackadaisical attitude of stakeholders on the issue in his recent LinkedIn post.

His latest post comes just a day after his scathing attack on Swiss authorities after they wrote to refiners to tighten up audits on gold imports from the UAE.

Bin Sulayem said the letter by the Swiss State Secretariat for Economic Affairs reeked of mischief and a deliberate attempt to tarnish the UAE's reputation.

Terming the ban on hand-carry gold on flights as 'a real priority', bin Sulayem said the move would help eradicate illicit gold from the supply chain.

The DMCC head said he would "expose the influencers lobbying to keep hand-carry gold alive" and "force them" to fall in line.