One of the Middle East’s largest gold refiners has been suspended as an affiliate member of the globally recognised independent authority for precious metals, the London Bullion Market Association (LBMA), amidst speculation about links between the beneficial owners of the Dubai-based refiner and money laundering operations.

Emirates Gold has also been suspended from the list of accredited UAE Good Delivery (UAEGD) gold members maintained by the Dubai Multi Commodities Centre (DMCC).

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