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Britains Gold and Dirty Diamond Operations

First of all, peasants of the Golden Triangle poppy fields do not appreciate secret accounts in the Bahamas. Furthermore, since the end of the Vietnam War, and the end of the widespread traffic in contraband and American arms and American dollars, the U.S. dollar in the form of currency is no longer an acceptable [Pg.92]

and possibly most important, gold cannot be traced, although any bank transfer ultimately can. One bar of gold looks like any other changing a bank balance into gold or diamonds, and then changing it back into a bank balance, is like crossing a river to avoid bloodhounds. [Pg.93]

A 1972 description from one of Britain s best-known experts, Timothy Green of Consolidated Gold Fields, Ltd., (2) is instructive on how the illegal flow of gold travels  [Pg.94]

Reinhart identified a Golden Loop, the circuitous path that leads from North Africa to the coast of Red China and back again as far west as India. The center of gold smuggling was the Portuguese-controlled island of Macao, where gold smuggling is [Pg.96]

A mere 3 percent of the smuggled gold is seized by Hong Kong authorities, Reinhart noted, even though customs officials receive a 20 percent commission on all seizures presumably, bribes to customs officials are more substantial. [Pg.97]




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