UAE to Audit All Gold Refineries After Facing Sourcing Criticism
- Audits to be mandatory for all UAE gold refiners from February
- Country has faced accusations of allowing illicit gold imports
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Gold refineries across the United Arab Emirates will be required to carry out audits that prove bullion deliveries are responsibly sourced, according to the country’s Economy Ministry.
The auditing process will follow the Organization for Economic Co-operation and Development’s guidelines and will become mandatory for all refiners starting February 2022, the ministry said in an emailed statement Sunday.