All gold shipments from Guyana were suspended for a brief period last year by the Royal Canadian Mint (RCM) after charges were instituted against a local gold dealer.
“By now it is well known that this country teetered perilously close to being blacklisted due to foreign money laundering concerns. In fact, in May 2017 all gold shipments from the GGB (in effect, Guyana) were suspended indefinitely by the Royal Canadian Mint (RCM), its internationally renowned refiner. That suspension of shipments was prompted by charges instituted against, and related media coverage involving, one of its customers,” the Guyana Gold Board (GGB) said in a column that was published last Thursday in the Stabroek News.
“Vigorous representations and firm commitments resulted in the conditional lifting of that suspension,” the GGB added.
