Build UK has published its first benchmarks on cash retentions, showing tier one contractor members withhold an average 2% and pass on 74% of retentions imposed by their clients to their own supply chains, absorbing 26% themselves. Since 2018, average payment times for these contractors have fallen from 45 to 29 days, with invoices paid within 60 days rising from 82% to 96% under the Reporting on Payment Practices and Performance Regulations. The data will act as a baseline as the Commercial Payments Bill, which includes a ban on retention clauses, moves through Parliament.

LBMA has suspended Shandong Gold Smelting Co. Ltd from its Gold and Silver Good Delivery Lists from 5 August after the Chinese refiner was placed on the US Uyghur Forced Labor Prevention Act Entity List. The London-based association has triggered an incident review under its Good Delivery Rules and Responsible Sourcing Programme, describing the suspension as an interim measure while it consults multiple stakeholders. Loss of Good Delivery status can restrict access to London bullion clearing and pricing, forcing counterparties to reassess sourcing, chain-of-custody controls and contractual compliance.

Illegal gold mining has overtaken cocaine as a revenue source for some Latin American criminal groups, driven by record gold prices, weaker enforcement and the ability to launder metal into legitimate supply chains using forged paperwork and false identities. FACT Coalition’s Julia Yansura points to the US “hand-carry” loophole—no $10,000-equivalent declaration for gold bars—as a key enabler, while WWF-UK/Themis data show over 80% of surveyed financial institutions face illegal-mining-linked illicit finance risk, yet 40% have taken no mitigating action. Ecuador’s 2026‑2029 National Security Plan now classifies illegal mining as a national security threat, and FACT urges tighter beneficial ownership rules and treating transnational illegal gold mining as a predicate money-laundering offence.