Report: LBMA Asks 6 Russian Gold Refiners if They Have Ties to Sanctioned Entities – Regulation Bitcoin News

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The LBMA, which 'owns' the good delivery list, only accredits refiners whose gold bars meet its exacting standards for trading on the global OTC market. lbma goldrefiners

The London Bullion Market Association said it wants six accredited Russian gold refiners to clarify if they have commercial ties with sanctioned Russian entities. The association’s request comes a few days after it revoked the membership of three sanctioned Russian banks.The London Bullion Market Association has requested six Russian gold refiners on its good delivery list clarify if they have commercial ties to sanctioned entities.

Sakhila Mirza, the association’s general counsel, is quoted in the report explaining why the LBMA is now asking the refiners to confirm if they have ties to sanctioned entities.The Good Delivery List

 

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