Colombia Seeks U.S. Sanctions on Cartel Gold While U.S. Remains a Buyer, Highlighting Supply‑Chain Gaps

Colombia’s defense minister formally asked Washington to blacklist gold linked to a drug cartel. The appeal underscores concerns that illicit gold is entering international markets. U.S. authorities have been reported to purchase gold that may originate from the same cartel. The dual situation reveals weaknesses in monitoring the gold trade. Sanctioning the material could disrupt financing for criminal organizations. However, existing procurement practices have allowed the commodity to flow unchecked. The request highlights the need for tighter due‑diligence and traceability standards. Officials on both sides are expected to discuss coordinated actions to close the loopholes.