LBMA calls for 'global effort' to reduce gold's 'illegitimate sector'

Response to open letter

London Bullion Market Association (LBMA) has called for a "global effort among all the value chain actors" to address the "challenges and risks" of reducing gold's "illegitimate sector".

Responding to an open letter signed by five civil society organisations accusing the body of failing to protect human rights abuses in its gold supply chain, LBMA has said it "recognises the challenges that all audit programmes face, and whilst no programme is perfect, we remain committed to continuous improvement, and ongoing engagement with stakeholders in addressing the supply chain risks". Russian firm first mining company to launch metal ETCs It pointed to the International Bullion Centres initiative, which aims to engage national authorities on the issues of recycled gold, cash ...