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Dr Axel Goetz is Partner at ADVANT Beiten's Munich office and member of the Litigation & Dispute Resolution practice group. He focuses on mergers & acquisitions, private equity transactions and corporate law, as well as restructuring and representation in special corporate disputes.
- Conflict Minerals Compliance
- Alain Goetz
- African Gold Refinery
- Sanctions Implications
The United States supports private sector adoption of supply chain due diligence procedures in mineral supply chains, including ones for precious metals and gemstones. Today’s action shows that given the multiple threat finance concerns throughout these supply chains, due diligence is a key tool for the private sector to mitigate risks from U.S. an...
Goetz is a businessperson from Belgium who operates the African Gold Refinery (AGR) in Uganda, as well as companies in the UAE that receive illicit gold from mines in regions of DRC that are controlled by armed groups, including the Mai-Mai Yakutumba and Raia Mutomboki that are involved in destabilizing activities in South Kivu, DRC. Goetz’s gold n...
Since 2016, AGR has sourced illicit gold from mines in regions of DRC that are controlled by armed groups, including the Mai-Mai Yakutumba and Raia Mutomboki that are involved in destabilizing activities in South Kivu, DRC. AGR has a refining capacity of 219 tons per year and is considered one of the largest gold refineries in Africa, after refiner...
As a result of today’s action, all property and interests in property of these persons that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. In addition, any entities that are owned, directly or indirectly, 50 percent or more by one or more blocked persons are also blocked. Unless au...
Mar 17, 2022 · Alain Goetz and his companies trade gold sourced from regions controlled by armed groups engaged in conflict in the DRC. These armed groups and their commanders attacked civilians and are implicated in atrocities, including ethnic massacres, rape, and forced recruitment of children.
Feb 6, 2020 · The court ruling said Alain and Sylvain Goetz set up a fraudulent system in 2010 and 2011 for customers to sell gold anonymously to the Tony Goetz refinery in Antwerp for cash, creating the...
Dr Axel Goetz is Partner at BEITEN BURKHARDT's Munich office and a head of the Litigation & Dispute Resolution practice group. He focuses on mergers & acquisitions, private equity transactions and corporate law, as well as restructuring and representation in special corporate disputes.
Last week, the U.S. Department of the Treasury announced sanctions against Belgian businessman Alain Goetz, the African Gold Refinery in Uganda, and a network of companies involved in the illicit trade of gold from the Democratic Republic of the Congo (DRC).
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Mar 18, 2022 · The US Treasury sanctioned Belgian gold trader Alain Goetz and his African Gold Refinery, one of the continent’s biggest processors of the metal, for allegedly contributing to conflict in the Democratic Republic of Congo.
