Guyana moves against gold smuggling

A crackdown on gold smuggling aims to keep more of the country's mineral earnings inside the formal economy.

Guyana has launched a crackdown on gold smuggling, moving to keep more of its mineral earnings inside the formal economy. The oil boom has not retired the older extractive sector, and gold remains a meaningful export, so tightening oversight of what leaves the country unrecorded is both a revenue measure and a governance one (Government of Guyana).