Illegal gold mining in Colombia fuels cocaine cartels, reshaping the regional illicit commodity marketExecutive summary: Illicit gold mining in Colombia is being used by cocaine cartels to fund their operations, leading to a spike in violence. The convergence of drug trafficking and gold mining creates a more resilient criminal enterprise and complicates regulation of the gold market. Colombian drug cartels, illegal miners, Colombian government, international financial regulators Increased law‑enforcement actions, tighter gold export controls, and potential shifts in cartel financing strategies.Colombian authorities report a resurgence of violence linked to illegal gold extraction, which is being leveraged by cocaine cartels to finance their operations. The shift marks a strategic pivot from traditional drug‑only revenue streams to multimodal illicit economies. Government and international partners are expected to intensify scrutiny on gold export chains.Connected developmentsLeveraged loan issuers increase amend-and-extend deals to take out credit facilitiesBank of America takes firm position on inflation, economyOpen the full case file on Beyond →
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