Illegal gold trade as a source for financing terrorism and conflicts

Abstract

This article is focused on the "conflict gold" by which the conflicts (armed group) and potential terrorism in the conflict-affected and high-risk areas are being financed. At the same time, the article introduces the initiatives of the international community entities such as UN, OECD, EU as well as another public or private institutions, which are part of the supply and manufacturing chains, to stop trading this gold.

Keywords

• gold
• conflict
• due diligence
• terrorism
• transnational organized crime
• supply chains
• natural resources