UAE Suspends Gold Refiner on Owners’ Alleged Laundering Link
- Emirates Gold was removed from Good Delivery List of UAE
- LBMA in London has also suspended affiliate membership
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The United Arab Emirates suspended the accreditation of one of its biggest gold refineries over concerns that its owners had ties to alleged money launderers.
Emirates Gold DMCC — which has operated in Dubai for more than 30 years — was last week suspended from the UAE’s Good Delivery List, according to a government website.