Concept
Controls
Research / Due Diligence Processes as Sponsor for GLD and GLDM
"As a result of this potential risk to the Trusts, we continue to review and monitor our controls and processes with respect to custody of the Trusts’ gold, including working with the Trusts’ custodians, JP Morgan, HSBC and ICBC Standard, to ensure contractual compliance in that all gold allocated to the Trusts is sourced from refiners who are included on the LBMA Good Delivery List at the time that the gold was produced and to the extent any allocated gold is not compliant, it is replaced. We believe that this is an important control to tackling the risk of modern slavery."
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