Billions in gold smuggled out of Africa each year, says new report

BILLIONS of dollars in gold is smuggled out of Africa each year and most of it ends up in the United Arab Emirates (UAE), where it is refined and sold to customers around the world, according to a new report.
Gold worth over $30 billion (around £24bn) was smuggled out of the continent in 2022, according to the report published on Thursday by Swissaid, an aid and development group based in Switzerland.
The main destinations were the UAE, Turkey and Switzerland.
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