DRC: Panama Papers: The DRC’s Gold Standard

Apr 4, 2016 | Khadija Sharife, African Network of Centers for Investigative Reporting and International Consortium of Investigative Journalists
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Despite international laws stipulating disclosure of the origins of gold, a tranche of leaked documents points to unsavoury behaviour by tax havens trading in commodities. The law was hailed as the first step toward ending the trade of so-called “blood minerals” in the Democratic Republic of Congo (DRC). Section 1502 of the Dodd-Frank Act does not require divestment from potential conflict areas, but it does compel companies to disclose the origins of gold and the 3Ts (tin, tantalum and tungsten).