Trade Trade

Banks face due-diligence challenges as US gold imports increase, trade and financial crime analyst says

By Robert Thomason
  • 08 Jul 2020 16:09
  • 08 Jul 2020 16:09
Increased gold imports into the US raise anti-money laundering concerns because of the potentially dubious original source of the gold, a trade analyst said. Banks with due-diligence duties have a difficult time discerning whether the gold was mined in Venezuela, Congo or other countries where US sanctions have been imposed, she

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