SURGING COLOMBIAN GOLD TRADE IS GIFT TO NARCO-MONEY LAUNDERERS AND TERRORIST FINANCIERS
November 1st, 2011
BY NADJA DROST
THE COLOMBIAN government's Financial Intelligence Unit (UIAF) is asking that all gold buyers, refineries, exporters and importers in the South American country be legally required to report to the agency, in order to better detect suspicious financial activity.
The request comes as senior officials warn that the surging price of gold and an ensuing "gold rush" are attracting narco-traffickers to the country and concealing large money laundering operations.
Foreign mining companies are flooding into gold-rich areas where informal miners ...
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