The Financial Action Task Force (FATF) published a report on money laundering and terrorist financing risks and vulnerabilities associated with gold. The report was approved at FATF's June 2015 meeting and aims to promote effective risk mitigation and preventative measures.
- Chapter 2 identifies the features of gold that make it attractive to criminal organisations as a mechanism to move value.
- Chapter 3 maps the nature, source and scope of gold production, markets and trade, to assist practitioners to recognise the common predicate offences.
- Chapter 4 sets out red flag indicators that could assist financial institutions, among others, to identify and report suspicious activities associated with money laundering and terrorist financing in the gold sector.