The illegal gold trade in Ecuador is growing and increasingly accelerated by illicit cross-border contraband flows and unique vulnerabilities to money laundering activity according to a new report by the Organisation of American States Department against Transnational Organised Crime (OAS/DTOC).

The report, On the trail of illicit gold proceeds: strengthening the fight against illegal mining finances, says the less developed state of the illegal gold trade in Ecuador as compared to other regional countries such as Peru and Colombia offers the government significant advantages in combating this illicit economy.

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