Jersey financial regulators and the police have been accused of failing to act against a firm allegedly involved in moving gold sourced from a war zone.
Swiss company, Hussar Ltd, is nominally owned by a Jersey trust company. It is the subject of an inquiry by Swiss authorities over claims it procured gold from the DR Congo linked to rebel militia, so-called blood-gold. The Jersey Financial Services Commission said Hussar was not a regulated financial company. The allegations that employees of Hussar Limited supplied the metal to Switzerland-based gold refiner Argor-Heraeus SA in the period 2004-5, are being investigated by Swiss regulators.
Argo-Heraeus has previously issued statements strongly refuting the claims.
The Conflict Awareness Project (CAP), founded by former UN investigator Kathi Austen, claims it has submitted "for...