Majority of African Gold Smuggled to UAE, Reveals Report
Wednesday, 29 May 2024, 22:01
Summary:
The latest report reveals that a significant portion of gold produced in Africa is being illicitly traded, with about 40% of the continent's production being smuggled to the UAE.
Concerns Raised:
- Transparency: Lack of transparency in the gold trade industry.
- Regulations: Challenges in enforcing regulations.
The report sheds light on the challenges faced in curbing illegal gold trafficking and emphasizes the need for stricter enforcement measures to address this issue.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.