Global Fraud Footprint

All that glitters

Precious metals, stones enable money laundering, smuggling, tax evasion



If resources are valuable, fraudsters will use them to commit crimes. And they love to misuse gold, diamonds and other glittery materials from the depths of the earth. Here’s how countries are battling the schemes and what it all means for fraud examiners.

At practically every stage of the precious metals and stone trades — from extraction to refining to sale or re-sale of finished products — vulnerabilities can motivate entities in supply chains to commit fraud by evading sanctions or taxes, laundering money or smuggling.

In 2019, a complex, continent-spanning fraud scheme included the smuggling of more than seven tons of gold from Venezuela’s reserves on a Russian charter aircraft to a gold refinery in Uganda and then on its way to … somewhere. No destination was ever confirmed, although several tons of gold went on sale at a steep discount later in Turkey.

Ugandan authorities seized the second of the two shipments but ultimately released the gold after Ugandan President Yoweri Museveni intervened.



For full access to story, members may sign in here.

Not a member? Click here to Join Now. Or Click here to sign up for a FREE TRIAL.


 Your Rating:
Your Review:
  
Reviews
 
By Anonymous
Benefits Of Joining Illuminati in U.K. 27788676511, HOW 2 JOIN ILLUMINATI SOCIETY IN UGANDA TOWNS NOW 27788676511 And Send Email: NAKAJOJIAN23@GMAIL.COM, Durban FOR MONEY 27788676511 ,Fame And Power in South Africa, Join illuminati in Swaziland 27788676511, Join illuminati in Brunei, Norway, Canada, Join illuminati in Kuwait 27788676511 27788676511, Join Illuminati Netherlands, illuminati in Iceland, illuminati in Dubai 27788676511, illuminati in Mauritius, Join illuminati in Lesotho 27788676511, illuminati Members in Lesotho, illuminati in UAE, Dubai, Antigua 27788676511 Join illuminati in South Sudan 27788676511, Gabon, Chad, Join Illuminati in , , Illuminati in Libya, Andorra, Join illuminati in Spain, France, Paris, Join Illuminati in Kosovo, illuminati in Italy,Germany Call 27788676511, illuminati in Oman 27788676511, illuminati , Illuminati in Botswana, Illuminati in Sandton, illuminati in Tembisa, Germiston, Join illuminati in Sweden, Finland, Join Illuminati in Norway,Poland 27788676511, i
 
By Anonymous
@UK,LONDON,GERMANY SSD CHEMICAL SOLUTION SUPPLIERS 27660432483 ssd chemical in uk 27660432483,ssd chemical in Kuwait 27660432483,ssd chemical in Qatar 27660432483,,ssd chemical solution in mpumalanga 27609335000,ssd chemical solution in durban 27609335000,ssd chemical in Qator 27609335000 ,ssd chemical solution in Germany 27609335000 ,ssd chemical solution in England 27609335000,ssd chemical solution in mpumalanga,ssd chemical in free state 27609335000 ,ssd chemical in switzeland 27609335000,leading premier super automatic SSD solution, anti-breeze bank notes in Bellville Benoni Bloemfontein Boksburg Cape Town ....call or whats app 27660432483 knocks at our door step is uniquely positioned to consistently provide high-value solutions and world-changing chemicals and services to our clients.WE ARE SPECIALIZED IN CHEMISTRY FOR ANTI-BREEZE BANK NOTES. WE ALSO DO CHEMICALS MELTING AND RECOVERING OF ALL TYPE OF BAD MONEY FROM BLACK TO WHITE AS YOU CAN SEE BELOW. Anti-freezing Preparations and Prepared De
 
By Anonymous
These articles were good and can be read by crime investigation agencies
 
By Anonymous
These articles were good and can be read by crime investigation agencies