Tightening restrictions on trade in Russian-origin diamonds, gold and other metals is expected to feature prominently in discussions amongst leaders of the Group of Seven (G7) nations when they contemplate further sanctions on Moscow at a summit this week. Other… Read More ›
Police in northern Uganda have charged 31 Kenyan citizens for illegally mining gold in Uganda. The police have now put a halt to their mining operations, which they suspect may be linked with trade-based money laundering (TBML) activities connected to… Read More ›
The Qatar-based Al Jazeera news channel claims it is exposing “one of the biggest money laundering operations in the world” in a new six-part documentary. The first episode of the documentary looks at how Zimbabwe’s abundant store of gold is… Read More ›
Difficulties associated with tracing illicit gold flows and the large number of actors involved in gold smuggling have contributed to a crisis with limited chances to even engage in efforts to address the issue of illicit financial flows (IFFs) from… Read More ›
The integrity of the global trade system and financial industry as well as both regional and global security are under growing threats posed by transnational criminal organisations (TCOs) and terrorist organisations according to the World Customs Organisation (WCO) and the… Read More ›
The EU Council has adopted further sanctions against Russia, effectively banning its most significant export after energy – Russian gold. It has also introduced new measures to prevent circumvention of sanctions by ships and extends the list of dual-use and advanced… Read More ›
The European Commission (EC) has set out plans to introduce a new import ban on Russian gold to align with the announcement last month that the UK, Canada, US and Japan would do so in an attempt to stem funding for… Read More ›
Barred from generating and accessing profits from gold produced domestically or at their mining investments abroad, sanctioned Russian entities and individuals can evade restrictions imposed on them if they engage in gold and money laundering to disguise the origins of… Read More ›