Kaloti Precious Metals Risk Report

⚖️ Legal & Regulatory

Kaloti Precious Metals has faced several significant legal and regulatory challenges over the years. Issues range from long-standing disputes to substantial press attention around compliance and market practices. These events underscore potential risks related to legal compliance and regulatory alignment, which could impact the firm's reputation and operations. Notably, some cases have persisted for years, indicating ongoing legal complexity.

• 🗓 August 20, 2024: US drug agents asserted that diplomatic considerations overshadowed concerns about money laundering.
• 🗓 May 19, 2024: ICSID ruled in favor of Peru in a decade-long dispute with Kaloti Metals.
• 🗓 September 21, 2020: The US Treasury abandoned a major money laundering investigation against Kaloti Precious Metals.
• 🗓 April 12, 2015: The DMCC removed Kaloti from Dubai's good delivery list due to issues with gold sourcing.
• 🗓 February 26, 2014: Kaloti, along with DMCC, was implicated in a $5 billion global gold scandal.

🏗️ Operational & Business Continuity

Operational challenges have been part of Kaloti's journey, with scrutiny around sourcing and market operations. These issues have potential implications for business continuity, highlighting persistent risks that could disrupt normal business activities.

• 🗓 June 12, 2018: Reports highlighted concerns about the operations within the gold and diamond markets.
• 🗓 February 25, 2014: The Guardian reported discrepancies in the billion-dollar gold market in Dubai, suggesting not all operations were as transparent as they seemed.

📜 Innovation & R&D

Kaloti Precious Metals has been involved in infrastructure development, expanding their refinery capabilities to support future growth. These efforts indicate a push towards enhancing operational capacities and positioning the company within the global precious metals industry.

• 🗓 April 8, 2013: Plans were announced for new gold and precious metal refineries expected by the following year.
• 🗓 March 17, 2013: Kaloti endeavored to build South America's first gold refinery, marking a significant expansion move.