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NEWS: Dirty gold can still slip into London market, rights groups say

Bank Junction in the City of London

By Reade Levinson and David Lewis

The London Bullion Market Association (LBMA), which sets standards for the world’s most established gold market, needs to do more to exclude gold linked to human rights abuses or criminality from its supply chain, rights groups said on Monday.

Refineries vetted by the LBMA still source gold from “questionable suppliers and mines” and are not tackling “serious human rights violations and environmental degradation,” a collection of eight organisations that analyse mining, led by Swissaid, said in a letter to the LBMA, seen by Reuters.

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