High-Stakes Risks of Money Laundering in the Precious Metals & Stones Industry
Money laundering is becoming more prevalent due to various factors. Those dealing with precious metals and stones are particularly vulnerable to being involved in money laundering due to the high value and liquidity of these products. Unfortunately, money laundering is a lucrative business that continues to persist. As there are frequent large transactions occurring, there is a constant flow of money in and out. It is important to note that dealers of metals and stones face a high risk of being involved in cases of money laundering. Precious metals and stones can be easily bought and sold across borders. Here are some key points about the money laundering risks involved in dealers in precious metals and stones : Let’s Get Started: Uncovering the Money Laundering Risks of Dealers in Precious Metals and Stones The high value and liquidity of precious metals and stones make them an attractive target for crime. Criminals often use cash transactions to launder money obtained fro...