Africa Gold Advisory

Africa Gold Advisory Untitled11 1

Africa Gold Advisory

Africa Gold Advisory Untitled11 1
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The U.S. Departments of State, the Treasury, Commerce, Homeland Security, Labor, and the United States Agency for International Development (USAID) issue an Advisory concerning illicit actors in the gold trade across sub-Saharan Africa. The advisory emphasizes the critical role of the gold sector in the region’s economies and communities. It urges U.S. businesses to responsibly invest in the sector’s mining, trading, refining, manufacturing, and retail aspects while adopting rigorous due diligence practices. The risks associated with the gold trade include conflict and terror financing, money laundering, sanctions evasion, human rights abuses, and environmental degradation. The Advisory addresses concerns in regions like the Democratic Republic of the Congo, Sudan, Central African Republic, Mali, and others, including the involvement of the Wagner Group. The U.S. government is committed to combating illicit revenue streams fueling conflicts and corruption in sub-Saharan Africa through development programs, sanctions, and risk advisories.