What Is the LBMA?
The London Bullion Market Association (LBMA) is the international trade association that represents the global wholesale over-the-counter (OTC) market for gold and silver. Founded in 1987, the LBMA sets the standards that underpin the world's precious metals markets.
The LBMA's influence extends far beyond London — its standards are recognized and required by exchanges, central banks, refineries, and institutional buyers worldwide.
The Good Delivery List
The LBMA Good Delivery List is the most important accreditation in the global precious metals industry. Refineries on this list have demonstrated:
Technical capability to consistently produce bars meeting LBMA specifications
Financial stability and adequate insurance
Compliance with responsible sourcing requirements
Regular audits by LBMA-approved assessors
Transparent ownership and corporate governance
Being on the Good Delivery List is effectively a license to participate in the global institutional gold and silver markets. Bars from non-listed refineries trade at significant discounts and are not accepted by most institutional buyers.
LBMA Responsible Gold Guidance
Since 2012, all LBMA Good Delivery refineries must comply with the LBMA Responsible Gold Guidance, which requires:
**Supply chain due diligence** — Identifying and assessing risks in the gold supply chain
**Know Your Customer** — Verifying the identity and legitimacy of all counterparties
**Source identification** — Determining the origin of all gold entering the supply chain
**Risk assessment** — Evaluating whether gold originates from conflict-affected or high-risk areas
**Independent auditing** — Annual third-party audits of compliance with the Guidance
**Public reporting** — Transparency about due diligence policies and procedures
Why LBMA Matters for Buyers
For precious metals buyers, LBMA compliance provides:
Quality assurance — Bars meet internationally recognized specifications
Provenance verification — Gold has been sourced through documented, responsible channels
Market liquidity — LBMA Good Delivery bars are accepted worldwide
Regulatory compliance — Meets requirements under conflict minerals legislation
Audit readiness — Full documentation trail for supply chain audits
Our LBMA Commitment
Integrity Global Trade's partnership with IPMR (International Precious Metals Refiners) ensures all precious metals we trade meet LBMA Good Delivery standards. Combined with our own KYC/AML compliance framework powered by ComplyAdvantage AI, we provide a double layer of verification that exceeds industry requirements.
Contact Integrity Global Trade for LBMA-standard precious metals with full compliance documentation and responsible sourcing verification.