There are numerous risks connected to the gold industry including conflict and terror financing, money laundering activities, sanctions evasion, human rights and labor rights abuses, and environmental degradation. Individuals and entities engaged with the gold sector---whether as miners, traders, refiners, exporters, users, consumers, financial institutions, or otherwise----should carefully review these risks and ensure they conduct enhanced due diligence to address these risks. The Treasury Department's Office of Foreign Assets Control report is a must read.
