REPORT: NEARLY 30% OF BRAZIL’S GOLD EXPORTS ARE ILLEGAL

On 31 August, KYC 360 reported that roughly 28% of Brazilian gold exports in 2019 and 2020 likely came from illegal mines, according to a report by public prosecutors and the Federal University of Minas Gerais found, and pointing to widespread forging of documents and lack of effective law enforcement.  So-called “wildcat” miners in Brazil often extract gold from areas where no mining is allowed, such as protected nature reserves or indigenous land.

https://kyc360.riskscreen.com/news/nearly-30-of-brazils-gold-exports-are-illegal-report-says/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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