Inclusion of ASGM in formal financial sector is crucial to tackle current malpracties in gold industry
21 October 2019
Artisanal and small-scale gold mining (ASGM) suffers from a dubious reputation among micro-credit financiers, impact investors and the private sector worldwide. There is a persistent perception that investing in and financing of ASGM comes with a high level of risk. However, this perception is inaccurate and unfair.
A recent research report commissioned by Solidaridad and carried out by the Global Initiative against Transnational Organized Crime has examined the key reasons that create this challenge. The ASGM sector is witness to many harmful practices, which have a negative impact on both people and the environment. Moreover, illicit trading channels for ASGM gold further fuel money laundering by criminals. The sector is in dire need of change.
Read more in our new publication through the link below.
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