The recession brought on by the United States housing market crisis in 2008 enacted sweeping changes to how securities are traded in the US. The Dodd-Frank Wall Street Reform and Consumer Protection Act was legislated in 2010, regulating nearly every aspect of the country’s financial sector.
One of the major reforms included Section 1502, which requires all publicly traded companies in the USA to investigate and report on the use of conflict minerals throughout their supply chain. This act only applies to American companies, but other countries and regions have adopted their own framework similar to that of Section 1502.
The framework comes amidst a concerted effort to end financial support to armed groups in the Democratic Republic of the Congo (DRC) and adjoining countries. The DRC is one of the world’s most mineral-rich countries, but also one of the most conflicted.
Conflict Mineral Regulation in the USA
The full whitepaper can be found on my client’s website at:
https://blog.sourceintelligence.com/eu-conflict-minerals-compliance
Photo by Tom Fisk from Pexels
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