On 14 April, an Explainer from Al Jazeera explained that a 4-part investigation by the Al Jazeera’s Investigative Unit (I-Unit) has revealed a series of gold smuggling gangs in Southern Africa that help criminals launder hundreds of millions of dollars, getting rich themselves while plundering their nations; with a complex web of companies, counterfeit identities and fake documents.  The investigation also exposes the involvement of high-ranking officials from Zimbabwe in smuggling and money laundering, which help the country get around the crippling grip of Western sanctions.  And it identifies the global nature of these crimes, in which gold smuggled from one nation could end up in the form of cash deposited in offshore accounts of front companies halfway across the world.

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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