International Bullion Centres (IBCs) have a mandate to implement stringent rules for governing local and regional bullion activities. These regulatory frameworks are essential to protect the integrity of gold markets.
LBMA’s second recommendation relates to IBC governing regulations. Core elements include:
Robust anti-money laundering (AML) controls
Eliminating cash transactions, where possible
Verifying legal origin and beneficial ownership
Enforcing due diligence for sourcing from conflict-affected and high-risk areas
Maintaining reliable import/export statistics
These standards help prevent illicit actors from exploiting market vulnerabilities, and support a more transparent, accountable global system.
Find out more in the International Bullion Centres Recommendations Webinar.
Read more about LBMA's International Bullion Centre Recommendations