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Could GoldMoney be used for money laundering?

No. It is important to first note that GoldMoney itself never accepts cash. GoldMoney is purely a payment system for precious metals already within the system, which come into the system in the form of London Good Delivery bars. Bars that meet this Chain of Integrity Standard must be acquired from banks and/or bullion houses that are already regulated in terms of know your customer requirements and money laundering regulations. Thus, any gold, silver or platinum that comes into the system must as a result be 'clean'.

Further, GoldMoney has implemented a Customer Acceptance Policy that requires our customers to provide their identity and other information, thereby enabling us to make a reasonable assessment that they are not engaged in illegal activity. Thus, GoldMoney cannot be used for money laundering.