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…
Links to trade in luxury goods and TBML operators exposed in GFI’s report on real estate money laundering
Yachts, private jets, horses, cars, jewellery, high-end watches and art are amongst the assets traded to enable kleptocrats, criminals, sanctions evaders and corrupt government officials to execute global money laundering schemes according to a new report published by Global Financial Integrity (GFI). The report focuses…
