UK Alert on Russian Gold

Posted 11/8/23

Britian's National Crime Agency has issued an alert warning that Russia is using gold as a means to undermine the impact of the UK sanctions regime.

Given the importance of the UK to the gold market, the NCA is warning of deliberate attempts are being made to launder sanctioned gold to mask its origin so that it can be hidden in supply chains and sold in the UK and around the world.

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