Gold laundering

Gold laundering is when people try to hide where their gold comes from by making it seem like it was obtained legally, even though it might have been obtained from illegal sources like theft, smuggling or illegal mining. It's like trying to make dirty money seem clean by washing it.

Just like how we need to wash our hands to get rid of germs and dirt, gold launderers try to clean their gold by moving it through different channels to make it seem like it was obtained legally. For example, they might sell it to a middleman who then sells it to another person or company, making it difficult to trace the gold back to its original source.

It’s important to stop gold laundering because it can support illegal and harmful activities, like environmental destruction or funding criminal organizations. That's why governments and organizations are working to stop it by putting in place laws and regulations that ensure gold can be traced back to its source, making it harder for people to hide their tracks.