(MENAFN- Swissinfo) There are no quick fixes to cleaning up the 'dirty' gold trade but the situation in mining communities in Peru reveals that there is still so much we don't know about the source of the problems.
Most of the world's gold passes through Switzerland but how it gets here has been hard to trace. As investigations in Peru by my colleagues Dominique Soguel and Paula Dupraz-Dobias reveal in a new special reportexternal link , there has been so much focus on rooting out illegal mining at the very start of the gold trade.
But in fact, a lesser-known problem is the criminal networks and illegal traders and buyers that make it difficult for Swiss companies to know if they are importing illegal gold. The investigation showed that traders try to conceal the illegal origins of gold by mixing it with legitimately obtained gold.
Colleagues found that violent crackdowns on illegal miners are not enough to eradicate dirty gold from the supply chain. You need an army of accounting experts to go through the invoices.
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