Special Report | Treasury Sanctions Alain Goetz and a Network of Companies Involved in the Illicit Gold Trade ugandandiasporanews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ugandandiasporanews.com Daily Mail and Mail on Sunday newspapers.
"Conflict gold provides the largest source of revenue to armed groups in eastern DRC where they control mines and exploit miners," the Treasury's under secretary for terrorism and financial intelligence, Brian Nelson, said in the statement.
The US has imposed sanctions on Belgian businessman Alain Goetz and a network of companies tied to him that it accused of being involved in the illicit movement of gold from the DRC and funding insurgents.