The Federal Supreme Court (STF) unanimously suspended the legal provision that established the “presumption of good faith” in the gold market. This instrument allowed gold to be traded in Brazil only based on the sellers’ information about the origin of the product. The court decided to follow the individual decision issued by justice Gilmar Mendes on April 4th.
The measure was considered by the Court as one of the main legal loopholes for laundering gold extracted from indigenous lands and environmental reserves. It is expected that the decision will make illegal gold trafficking more difficult and protect the environment and indigenous people.
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