FUNGIBLE GOLD IS GROWING PRECIOUS METAL OR STONE ML RISK
March 23rd, 2023
The precious metals and stones sector is increasingly under the spotlight regarding ML and TF, particularly gold. Given the fungibility of precious metals, the complexity of their supply chains and the varying levels of oversight worldwide, they continue to be an attractive means to launder money – especially gold, which remains the precious metal of choice for launderers.
Gold has been popular as a medium of exchange since antiquity, in part due to its scarcity. Just 205,238 tonnes of gold has been mined throughout history, according to the World Gold Council ...
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