Panama Papers: tax havens obscure origin of DRC's goldPhoto: Gold in DRC. Photo by ENOUGH Project, Flickr creative commons

Leaked data from the Panama Papers shows that banks and companies that are trading in and refining gold from the Democratic Republic of the Congo have set up their ownership structures to be opaque and even deceptive. In tax havens where gold changes hands, authorities turn a blind eye to illicit transactions.

Panama Papers: tax havens obscure origin of DRC's goldPhoto: Gold in DRC. Photo by ENOUGH Project, Flickr creative commons

Renowned journalist and author Khadija Sharife describes the role of tax havens in the international gold trade in the complete article, which you can find here.

The GoodElectronics Network is organising a Round Table Meeting on the responsible sourcing of metals and minerals on April 19 in The Netherlands. The electronics industry is an important user of minerals and metals. Some 300-plus metals are used in electronics products, including gold, coltan, cobalt, tin, and copper.