Conflict Minerals: Council Adopts New Rules to Reduce Financing of Armed Groups

Apr 3, 2017 | European Council
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On 3 April 2017, the Council adopted a regulation aimed at stopping the financing of armed groups through trade in conflict minerals. The regulation obliges EU companies to source their imports of tin, tantalum, tungsten and gold responsibly and to ensure that their supply chains do not contribute to funding armed conflict. These 'due diligence' rules will become binding from 1 January 2021, though importers are encouraged to apply them as soon as possible.