The United Arab Emirates has temporarily suspended operations at 32 gold refineries, representing about 5% of its gold sector, as part of a crackdown on money laundering. This action is part of intensified inspection campaigns by the Ministry of Economy to combat financial crimes. The suspended refineries were found to have committed 256 violations, including failing to assess risks and check customer databases against terrorism watchlists. This move is part of the UAE’s broader effort to improve its financial reputation amid concerns about money laundering and gold smuggling, highlighted by a report indicating that a significant portion of gold imported from Africa was smuggled.