Colombia’s illegally armed groups are using legal gold exports to launder money on an industrial scale and using trade-based money laundering (TBML) techniques such as misinvoicing to export illegally mined gold according to a study of how outlaw militias play a dominant role in the country’s gold trade.

The study published by Colombia Reports, which claims to be an independent news source and not affiliated with any political or social organisation, uses several secondary sources to present a comprehensive picture of how it says more than 70 per cent of the country’s gold is produced by illegal armed groups.

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