A gold refinery reportedly linked to Zimbabwean businessman Simon Rudland has been suspended in the United Arab Emirates and in London, following claims of its role in money laundering. Emirates Gold DMCC which has operated in Dubai for more than 30 years was last week suspended from the UAE’s Good Delivery List, according
UAE Suspends Gold Refinery Over Owners Alleged Laundering Links bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) The United Arab Emirates suspended the accreditation of one of its biggest gold refineries over concerns that its owners had ties to alleged money launderers.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%DeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudBiden Administration to Forgive $39 Billion in Student DebtEmirates Gold DMCC
The London Bullion Market Association, which regulates the United Kingdom capital’s metals market, suspended Emirates Gold DMCC’s affiliate membership after conducting a review.