Art traders call for review of AML/CFT regulations after US treasury report suggests prioritising shell companies and real estate
The world’s largest art trade federation is leading the call for a fundamental international review of policy making after a recent report commissioned by the US treasury department indicated that money laundering and terror finance risks associated with shell companies and the real estate sector…
Tough reporting obligations for art traders, but shell companies the root problem and art not a priority suggests US treasury report
Close outstanding gaps in the US anti-money laundering and counter financing of terrorism (AML/CFT) regime, including those related to beneficial ownership and real estate, before focusing on the art trade the US treasury is told in a study examining money laundering (ML) and terrorist financing…
Unregulated art financiers vulnerable to money laundering says new US treasury report on high-value art trade
The US treasury department has published a study on the facilitation of money laundering and the financing of terrorism through the trade in works of high-value art. The study found that banks that regularly transmit payments for the art market have developed tailored policies, procedures…
Focus on trade in radically overhauled new US strategy for an international fight against corruption
The US will work with international partners as well as domestically to prevent, limit, and respond to corruption and related crimes in a significant overhaul of the way it targets public corruption that includes a clear focus on international trade according to a new plan…
