money laundering

money laundering

FILIE - This June 6, 2019, photo, shows the U.S. Treasury Department building at dusk in Washington. Fine art isn't just nice to look at. It's also attractive to criminals trying to launder money, finance terrorism and trade illegal drugs and arms. The agency issued a report on Feb. 4, 2022, recommending that financial firms and art dealers set up an information-sharing database to track how sales of fine art are linked to bad actors who make anonymous purchases. (AP Photo/Patrick Semansky, File)

Market

U.S. Treasury Report Says Increased Regulations in Art Market Are Not Urgent

The study found that terror financing is "an area of lower risk" in the art market.

By
Angelica Villa
Feb 7, 2022 3:42 pm

The U.S. Capitol in Washington, D.C.

Market

New U.S. Anti-Money Laundering Laws and Sanctions Advisory Impose Compliance Obligations on Art Market

A team of lawyers explains the significance.

By
Judd B. Grossman, Eric Volkman, Kate Lucas, Gustavo Ruiz
Mar 30, 2021 3:59 pm

Newswire

Car of the Week: One of Ferrari’s Most Exclusive Sports Cars of the 1960s Is Now Up for Grabs

Hannah Gadsby and the Problem With Picasso

Study claims New York City is sinking under the weight of its buildings

Celtics Comeback Bid Stirs Memories of 2004 Red Sox

Katalyst’s Strength Training Suit Is Weight Training Without Weights

ad