Dubai gold centre to tighten sourcing supervision | Reuters:
"Dubai's gold trading centre said it would tighten supervision of how the metal is sourced after reports in the British media alleging it ignored international guidelines designed to prevent human rights abuses and underground trade by African warlords.
In February, Britain's Guardian newspaper and the BBC said the Dubai-based Kaloti Group, a major gold refiner and jeweller, had failed to examine suspicious deals, accepting for example 2.4 tonnes of gold from customers who provided no paperwork.
The reports also alleged the Dubai Multi Commodities Centre (DMCC), which hosts the emirate's gold market, had failed to enforce guidelines against such deals. Both Kaloti and the DMCC denied the reports and said they acted properly."
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