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Perth Mint Gold Scandal: Mint Regains Global Confidence

Perth Mint Gold Scandal: Mint Regains Global Confidence

The Perth Mint still has a strong reputation around the world, despite some past issues, according to a top executive at the World Gold Council. In 2023, an investigation found that the mint sold gold to China that was 99.99% pure, which met global standards but did not meet China’s stricter rules for silver content. The investigation also uncovered problems with how the mint handled anti-money laundering (AML) rules. In response, the Perth Mint started a $34 million program to improve its AML systems. This included updating 60,000 customer records. Chairman Sam Walsh admitted to the past problems and said […]

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