The United States and Britain announced sanctions targeting a transnational gold smuggling and money launder network in Zimbabwe on Monday,

The Treasury Department announced on Monday that it sanctioned 28 individuals and businesses in connection with a complex global gold smuggling and money laundering network in Zimbabwe.

The United States and Britain on Monday announced a new wave of sanctions targeting what it said was the illicit gold trade, which the United Kingdom said was financing Russian President Vladimir Putin's war efforts in Ukraine and fuelling corruption.

The UK and US governments have imposed sanctions on a British-Kenyan businessman over his alleged involvement in the illicit gold trade. Kamlesh Pattni, and four others including his wife and brother-in-law, will have their assets frozen, a statement from the UK Foreign and Commonwealth and Development Office read.

The United Kingdom has announced a new wave of sanctions aimed at what it says is illegal gold trading that is financing Russia's military actions in Ukraine. Source: Reuters Details: UK authorities have frozen the assets belonging to five individuals: four linked to gold smuggling operations and one accused of buying Russian gold valued at over US$300 million.