Financial institutions in the US should carefully review the risks described in a new advisory focused on the gold sector across sub-Saharan Africa that has been issued by the US treasury and the departments of state, labour, commerce, and homeland security, as well as the US agency for international development (USAID).

While concerns about the sector have been well known for many years in regions such as the eastern part of the Democratic Republic of the Congo, newer risks in areas such as Sudan, the Central African Republic, Mali, and elsewhere in connection with the Wagner Group have prompted Washington to issue the new advisory (Trade-based Financial Crime, 30 June 2023).

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