8/16/2019

The Illegal Gold Rush Enriching Maduro's Regime

"In Colombia, a key transit point for smuggled Venezuelan gold, as much as 80% of exported gold is mined illegally. Those gold exports go to markets around the world, but the vast majority are destined for the United States. In one recent case I highlight in my report, Colombia’s prosecutors found that a single gold-trading company laundered nearly $750 million in illegally mined gold. Colombian investigators found that one of the country’s largest mineral trading companies easily falsified documents meant to identify the origin of gold, taking advantage of the country’s largely informal gold trade."