Fake-branded bars slip dirty gold into world markets

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Fake-branded bars slip dirty gold into world...
 © In-Cyprus 2020
A forgery crisis is quietly roiling the world’s gold industry.

Gold bars fraudulently stamped with the logos of major refineries are being inserted into the global market to launder smuggled or illegal gold, refining and banking executives tell Reuters. The fakes are hard to detect, making them an ideal fund-runner for narcotics dealers or warlords.

In the last three years, bars worth at least $50 million stamped with Swiss refinery logos, but not actually produced by those facilities, have been identified by all four of Switzerland’s leading gold refiners...


This article was automatically added to our system 28-8-2019

Fake-branded bars slip dirty gold into world markets


The contents of this article including any associated images are © In-Cyprus 2020
Views & opinions expressed in this article are those of the author and/or In-Cyprus .

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Article Tags: branded, dirty, world, markets,