By Verité

Verité’s research indicates that Peru is one of the world’s largest producers and exporters of gold. Verité’s research also suggests that over 20 percent of Peru’s gold is produced illegally, and that indicators of vulnerability to forced labor are present in the illegal mining sector. Verité found evidence that illegal gold is often “laundered,” after which it makes its way into Peru’s exports and the global supply chain. Although there are few official statistics on the amount of illegally produced gold that makes its way into global markets, Verité found cases in which gold exported to Switzerland could be traced back to areas in which the vast majority of gold is produced illegally and/or in which indicators of vulnerability to forced labor and human trafficking were present. In addition to using a large amount of gold in its banking sector, Switzerland is a global clearinghouse for gold, with much of the gold it imports eventually making its way into gold bullion, jewelry, watches, and electronics that end up in the hands of consumers in countries around the world.

Amherst, MA: Verité , 2013. 120p.