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NEWS: Britain’s NCA warns banks, dealers and lawyers on use of gold to avoid Russia sanctions

By AML Intelligence Correspondent

BRITAIN’s National Crime Agency (NCA) today issued an alert to banks, high value dealers and lawyers that Russia is using gold as a means to evade the UK sanctions regime.

“Gold is a significant income stream for Russia’s war effort – one of the highest by value after oil and gas, and worth £12.6 billion to the Russian economy in 2021,” the NCA said.

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