Episode 1 | Full Series

Blood Gold

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Most of Colombia’s illegally mined gold is sold to the many gold traders, known as compras de oro, found in mining zones and trading hubs. From there, it must find an entry point into the legal supply chain.

Fraudulent paperwork is then used to pass off the black-market gold as the production of artisanal miners, above all gold panners, or barequeros, or of mines and associations that hold legal mining titles.

The illegal gold is then bought up by exporters. In many cases, these companies buy directly from the gold traders, who launder the gold themselves, or via intermediaries running specialist laundering networks. However, investigations have shown several exporters allegedly set up their own networks of fictious suppliers to launder gold.

Once exported to international refiners, the gold is melted down and mixed together with gold from all over the world to be refined through the smelting process, making it completely untraceable.

The refiners sell to tech companies and jewelers, which use it in manufacturing, and bullion dealers that trade it on commodity markets.

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