Unexpected Insights into Gold Smuggling Gains
In light of the rising gold prices in recent years, there is increasing international concern over the smuggling of this precious metal, whose illicit flows have exceeded $120 billion annually, often originating from artisanal mining. Gold smuggling poses a significant challenge to global security and the economy, especially in conflict zones where tracing its source is difficult due to the similarity of refined bars. Several countries are working to tighten oversight and strengthen tracking laws to reduce smuggling operations and prevent the use of gold in financing conflicts and criminal activities.
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