Since launching the International Bullion Centre (IBC) recommendations in 2020, LBMA has maintained strong and constructive engagement with IBCs, governments and industry bodies worldwide.
Progress so far includes:
- Active engagement with IBCs across multiple regions
- Participation in an OECD intergovernmental meeting to support knowledge sharing
- Ongoing collaboration with the Financial Action Task Force (FATF) on gold-based money laundering risks
LBMA is now assessing each IBC’s current state, challenges and progress to tailor support and identify opportunities to drive meaningful outcomes.
Priority centres have been identified and engagement is commencing with IBCs in UAE, India, Turkey, South Africa and emerging African centres (including Uganda and Mali). This targeted approach is expected to accelerate progress, both where momentum is strong and where longer-term engagement is required.
Find out more about LBMA's International Bullion Centre Recommendations