U.S. Treasury Department confirms that more than $2 billion worth of gold and diamonds have been found in Panama

U.N. Secretary-General Antonio Guterres said Friday that more gold and diamond jewelry has been found on the island of St. Thomas, the latest move by the United States to clamp down on a widespread trade in gold and other precious metals in the Pacific nation.

Guterres was addressing the U.K. parliament as U. S. Treasury Secretary, the U,S.

and Caribbean island nation’s most powerful elected official.

Gutercrems office said that the U and the U S. government have verified the jewelry, silver, gold, and copper seized during a joint investigation.

It did not elaborate on how much gold and jewels were seized.

Gold and diamonds are commonly traded in Panama for nearly $2 trillion in annual revenue, according to the US.

Bureau of International Monetary Cooperation, or BIMCO.

The U.s government has seized more than 8 million ounces of gold since 2006, according the Us Treasury.

It has also arrested and detained thousands of people in the past year on charges of smuggling gold, including the former U. N. secretary general Kofi Annan, and former vice president Jejomar Binay.

Gulf News is a USA TODAY content partner providing general news, commentary and coverage from the Gulf region.

Its content is produced independently of USA TODAY.

To read more on this story, go to Gulf News.