NCA issues globally relevant red alert on abuse of gold to evade sanctions on Russia
The UK’s National Crime Agency (NCA) has issued a Red Alert to financial institutions and other members of the regulated sector warning that Russia is using gold as a means to undermine the impact of the UK sanctions regime.
The Red Alert is relevant in a global context because of London’s key role in accrediting gold refineries and setting standards worldwide.
The alert also contemplates UK-based gold Exchange Traded Funds (ETFs). While these ETFs are domiciled in the UK, they can often be listed and traded on multiple stock exchanges around the world
You need to be logged in to view this article.
If you are an existing subscriber please enter your credentials to log in.
To become a member of The Association of Trade Finance Compliance Professionals (ATFCP)click here!
Related Posts
Latest news
Trade Based Financial Crime
Trade Based Financial Crime
This online training course provides you with the technical knowledge required to succeed within the trade finance compliance landscape.