SICPA Protects Indonesian Gold with BullionProtect®

The Swiss-based security ink and solutions provider SICPA is best known as a leading supplier to the banknote industry. But it has recently extended its operations – into the gold market with the launch of BullionProtect®, which is now being used by Indonesian bullion producer Hartadinata to provide more confidence in gold bar trading.

Despite recent volatility, the price of gold has gone up in recent years, giving criminals an opportunity to capitalise on the increase by introducing counterfeit products into the market. The most common way to counterfeit gold bars is to plate base metal with real gold, and fraudulently stamp these with the logos of legitimate refineries. Alternatively, counterfeit kilobars are made with high purity gold, but with forged serial numbers and hallmarks imitating reputable manufacturers.