FinCEN: Why gold in your phone could be funding drug gangs
These are external links and will open in a new window/ Kaloti is a major participant in global gold refining with a substantial presence in Dubai A gold refiner that was used by criminals to launder drug money has been allowed to sell gold into global supply chains used to make smartphones and cars. International investigators concluded that the Dubai-based trader Kaloti was buying gold from criminal networks. The US Treasury was urged by law enforcement six years ago to warn the world that it was a "primary money laundering concern". As a ...
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