The Digital Markets, Competition and Consumers Act 2024 prohibits unfair commercial practices, including misleading actions that are likely to impact the average consumer’s transactional decision. The DMCCA also requires traders to display prices inclusive of all taxes and unavoidable charges before payment is made. Prices must be accurate and not misleading. Failure to do this may be taken as an unfair trading practice and constitute an offence.

The department has not made any assessment on this matter, but we continue to closely monitor consumer protection issues.

While we cannot comment on specific law enforcement investigations, the Government treats all allegations of international corruption, money laundering and illicit gold trading with the utmost seriousness.

The National Crime Agency's International Corruption Unit, funded by the Foreign, Commonwealth & Development Office, investigates international bribery, corruption and related money‑laundering offences, including where there is a nexus involving UK nationals or financial systems. The Illicit Finance Summit, to be hosted by the UK in December, will strengthen international, public-private cooperation to tackle illicit gold.

The trade of illicit gold linked to conflict undermines the rule of law and has no place in UK supply chains and our global economy. The Government engages with the gold industry, in particular the London Bullion Market Association (LBMA) and the World Gold Council, as well as the Organisation for Economic Co-operation and Development to support responsible sourcing and rigorous due diligence standards.

In the Trade Strategy, the Government launched a review into responsible business conduct. The review is still progressing and considering the effectiveness of the UK's current regime and the merits of alternative measures to support responsible business practices. We shall update the House when the review is complete.

The trade of illicit gold funds conflict, undermines the rule of law, and perpetuates human rights abuses. Gold extraction and smuggling operations represent a significant loss to Sudan and undermine effective resource governance. The UK Government engages with the gold industry, in particular the London Bullion Market Association (LBMA) and the World Gold Council, as well as the Organisation for Economic Co-operation and Development (OECD) to support responsible sourcing and rigorous due diligence standards to enhance resilience to illicit gold and identify malign actors in the supply chain. As an OECD member, we have committed to businesses in the UK applying the OECD's Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk areas, including the LBMA. The UK is a global leader in tackling illicit gold flows, recently hosting a joint FCDO-HMRC Gold Conference and launching a public-private partnership with industry to clamp down on illicit flows. We will continue to urge all countries to refrain from actions that prolong the crisis, including those that may financially benefit the warring parties. On 20 July 2023, the UK announced sanctions targeting 13 individuals and businesses linked to the actions of Russia's Wagner Group including alleged involvement in the exploitation of gold resources in Sudan. Sanctions policy remains under review. We do not comment on possible plans for future designations.

The trade of illicit gold funds conflict, undermines the rule of law, and perpetuates human rights abuses. Gold extraction and smuggling operations represent a significant loss to Sudan and undermine effective resource governance. The UK Government engages with the gold industry, in particular the London Bullion Market Association (LBMA) and the World Gold Council, as well as the Organisation for Economic Co-operation and Development (OECD) to support responsible sourcing and rigorous due diligence standards to enhance resilience to illicit gold and identify malign actors in the supply chain. As an OECD member, we have committed to businesses in the UK applying the OECD's Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk areas, including the LBMA. The UK is a global leader in tackling illicit gold flows, recently hosting a joint FCDO-HMRC Gold Conference and launching a public-private partnership with industry to clamp down on illicit flows. We will continue to urge all countries to refrain from actions that prolong the crisis, including those that may financially benefit the warring parties. On 20 July 2023, the UK announced sanctions targeting 13 individuals and businesses linked to the actions of Russia's Wagner Group including alleged involvement in the exploitation of gold resources in Sudan. Sanctions policy remains under review. We do not comment on possible plans for future designations.

The trade of illicit gold funds undermines the rule of law and perpetuates human rights abuses. Gold extraction and smuggling operations represent a significant loss to Sudan and undermine effective resource governance. The UK has imposed sanctions on a number of individuals and businesses who are allegedly involved in the exploitation of gold resources in Sudan. Companies must conduct appropriate due diligence to ensure full compliance with these sanctions.

The UK Government engages with the gold industry, in particular the London Bullion Market Association (LBMA) and the World Gold Council, as well as the Organisation for Economic Co-operation and Development (OECD) to support responsible sourcing and rigorous due diligence standards to enhance resilience to illicit gold and identify malign actors in the supply chain. As the UK is an OECD member, businesses in the UK apply the OECD's Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk areas, including the LBMA. The UK is a global leader in tackling illicit gold flows, recently hosting a joint FCDO-HMRC Gold Conference and launching a public-private partnership with industry to clamp down on illicit flows.

The Government recognises the importance of high regulatory standards in financial markets. For over-the-counter wholesale markets for precious metals like the London Bullion Market, the Financial Conduct Authority recognises the Global Precious Metals Code, which sets out the standards and best practice expected from market participants in these markets.

I refer the Hon Member to the answer provided on 4 December 2025 in response to Question 95190.

The trade of illicit gold funds undermines the rule of law and perpetuates human rights abuses. Gold extraction and smuggling operations represent a significant loss to Sudan and undermine effective resource governance. The UK Government engages with the gold industry, in particular the London Bullion Market Association (LBMA) and the World Gold Council, as well as the Organisation for Economic Co-operation and Development (OECD) to support responsible sourcing and rigorous due diligence standards to enhance resilience to illicit gold and identify malign actors in the supply chain. As the UK is an OECD member, businesses in the UK apply the OECD's Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk areas, including the LBMA. The UK is a global leader in tackling illicit gold flows, recently hosting a joint FCDO-HMRC Gold Conference and launching a public-private partnership with industry to clamp down on illicit flows.

The trade of illicit gold funds undermines the rule of law and perpetuates human rights abuses. Gold extraction and smuggling operations represent a significant loss to Sudan and undermine effective resource governance. The UK Government engages with the gold industry, in particular the London Bullion Market Association (LBMA) and the World Gold Council, as well as the Organisation for Economic Co-operation and Development (OECD) to support responsible sourcing and rigorous due diligence standards to enhance resilience to illicit gold and identify malign actors in the supply chain. As the UK is an OECD member, businesses in the UK apply the OECD's Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk areas, including the LBMA. The UK is a global leader in tackling illicit gold flows, recently hosting a joint FCDO-HMRC Gold Conference and launching a public-private partnership with industry to clamp down on illicit flows.

Switzerland is crucial to tackling the illicit gold trade as it is a key global gold refining centre, home to the largest gold refiners in the world, and one of the global leaders in implementing multilateral gold standards. The Foreign Secretary has engaged closely with Swiss Foreign Minister Ignazio Cassis on tackling illicit financial flows and corruption globally, and will hold further discussions to develop areas for strengthened collaboration and partnership.

The illicit gold trade fuels corruption and conflict, undermining the rule of law and entrenching human rights abuses such as child labour. Russia uses the illicit gold trade to launder money and evade sanctions, in doing so bolstering Putin's war efforts. The UK has sanctioned Russian gold and targeted illicit gold networks abroad, including through further sanctions in December 2024. The UK works with the London Bullion Market Association and World Gold Council to support responsible sourcing of gold and to build resilience to illicit gold flows. The London Bullion Market Association implements the Organisation for Economic Co-operation and Development's (OECD) industry-leading Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas to ensure proper risk identification and mitigation for conflict gold.

The trade of illicit gold funds conflict, undermines the rule of law, and perpetuates human rights abuses. The UK Government engages with the gold industry as well as the Organisation for Economic Co-operation and Development to support responsible sourcing and rigorous due diligence standards to enhance resilience to illicit gold and identify malign actors in the supply chain. Since the outbreak of the Sudan conflict, the UK has frozen the assets of nine commercial entities linked to the Sudanese Armed Forces and Rapid Support Forces. Two of these sanctions target gold mining companies linked to the warring parties. In 2023, the UK also sanctioned three Russian-linked gold mining entities operating in Sudan. These sanctions were designed to disrupt the financial networks fuelling the war, press the parties to engage in a sustained and meaningful peace process, allow humanitarian access and to commit to a permanent cessation of hostilities. Although we do not speculate on future designations, our sanctions policy is continually under review. Furthermore, in our international engagement, we emphasise with all countries the need to refrain from actions that prolong the crisis, including those that may financially benefit the warring parties.