Valcambi SA – Incident Review Process Invoked

Tue June 16 2026

As an independent authority for the precious metals industry, LBMA’s role is to advance standards and promote good trading practices for banks, traders and refiners operating in the global precious metals industry.

The Incident Review Process (IRP) has been invoked against Valcambi SA to review information arising out of current media reports.

This process involves consultation with a range of stakeholders. LBMA remains focused on a transparent and rigorous approach and will advise of further updates in due course.

Valcambi SA remains a Good Delivery Refiner

LBMA has requested a statement from Valcambi SA and will continue to engage constructively with the Good Delivery Refiner and relevant stakeholders to ensure that all matters are reviewed in line with the LBMA Good Delivery Rules.

Background

The London Good Delivery List of Acceptable Refiners of gold and silver is maintained by LBMA, by whom it is copyrighted. It lists those refineries whose gold and silver bars have been found, when originally tested, to meet the required standard for acceptability in the London bullion market.

Source: https://www.lbma.org.uk/