Dubai: Conflict gold, money laundering and illicit global trade
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Date
2019
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
University of Western Cape
Abstract
This article considers the role that the UAE and, in particular, Dubai has played in
the trade in gold between Asia, Europe and Africa. In the 21st century, Dubai has
emerged rapidly as one of the focal points in the illicit gold trade and money
laundering. Many authors who have focused on African gold production have
concentrated almost solely on Dubai as an export market for African gold.
However, this approach is flawed because the country has no LBMA accredited
refinery and so gold from Dubai must be reprocessed in other countries in order to
enter the global value chain, irrespective of its provenance.
Description
Keywords
Gold, Money laundering, Illicit global trade, Dubai, African trade
Citation
Grynberg, R., & Singogo, F. (2019). Dubai: Conflict gold, money laundering and illicit global trade. Journal of Anti-Corruption Law, 3(2), 117-143.