The Sentry is an investigative and policy organization that seeks to disable multinational predatory networks that benefit from violent conflict, repression, and kleptocracy.
News /
/
11.20.20
MoneyControl.com: Dubai’s DMCC alleges LBMA norms on gold sourcing targeted to undermine its success in bullion trade
The London Bullion Market Association (LBMA) recent move to check laundering and “conflict” gold by fixing some norms is being strongly opposed by at least three gold marketing centres, including India.
The strongest criticism of the move has come from the United Arab Emirates (UAE) government-owned DMCC (Dubai Multi Commodities Centre), one of the primary hubs of gold trade in the world.
DMCC Executive Chairman and Chief Executive Officer (CEO) Ahmed Bin Sulayem, in a Linkedin posting, said the London body was trying to undermine UAE’s success…
