International Bullion Centre
The 12 IBCs operate important market infrastructure for bullion trading activities. This includes trading exchanges; storage facilities; processing, recycling and refining facilities; international and domestic logistics facilities; domestic consumption; and regulatory oversight. The breadth of the activities undertaken within these IBCs and the involvement of international counterparties mean these centres can be vulnerable to responsible sourcing risks. Responsible sourcing vulnerabilities in IBCs can and will cause a negative impact for the financial institutions, refiners, investors, mints, jewellery and electronic companies who rely on the integrity of the bullion market.