abc.net.au/news/perth-mint-london-bullion-market-association-review/102189094Perth Mint has been allowed to remain on a list of approved refiners to operate on the London bullion market, but told to strengthen its management systems in a review by the key international gold and silver trade association.
Financial and gold experts said the LBMA's review had been quick considering the complexity of the issues, but it was a good outcome for the Perth Mint and an opportunity for it to continue overhauling its governance practices. The LBMA's investigation focused specifically on whether the Perth Mint conformed with the association's Responsible Gold Guidance, which sets standards for combating money laundering and terrorist financing practices, and the importance of strong corporate governance.The incident review did not assess the mint's assay lab, which analyses the purity of gold before it's cast into bars.
"LBMA did not find any instances of zero-tolerance non-conformance," the association said in a statement.
Storm in a teacup
Ripped off the Chinese..Should pay China a huge fine..DOGS
A business is only as good as the people working in it at the time. Clean up your act Perth Mint!