"Global Gold Market Under Siege: Illicit Flows Reach Alarming New Heights. The World Gold Council has issued a stark warning, revealing that illicit flows of gold have skyrocketed to over $120 billion annually. This staggering figure highlights the growing threat of gold smuggling, money laundering, and other illicit activities that are eroding trust in the global gold market. As the value of gold continues to fluctuate, the World Gold Council's findings raise concerns about the potential for widespread financial instability and the need for increased regulation to combat these illicit flows."
Head of World Gold Council says illicit flows have risen to more than $120bn a year
