For centuries, gold has proven an enduring source of wealth – and today plays a central role in financial, environmental and humanitarian crimes around the world. Easily smuggled, inherently valuable and readily convertible to cash, gold trading facilitates innumerable criminal activities, including illegal mining, terrorism and the laundering of illicit proceeds. That’s in addition to the incalculable toll of forced labor, environmental degradation and pervasive fraud schemes around the world. This webinar will set out the dynamics of typical gold supply chains, outlining the different stages, actors, associated financial crime risks, and potential negative impact on ESG principles. Our expert panel will offer practical compliance tips to aid financial institutions in effectively addressing these risks and disrupting the illicit financial flows tied to this trade.
Understanding the full spectrum of gold supply chains, including the actors and processes and how these differ depending on jurisdiction
Assessing the financial crime risks at different steps of the supply chain, including associated predicate offences and the potential for negative impacts on ESG principles
Examining practical compliance considerations, including relevant red flags and typologies