MONEY LAUNDERING AND SANCTIONS EVASION USING THE ART MARKET

The Basel Institute on Governance has issued this Quick Guide which briefly explains the unique characteristics of the art market that make it vulnerable to this type of abuse.  It also outlines steps that jurisdictions can take to prevent and combat abuse of the sector for illicit purposes.

https://baselgovernance.org/sites/default/files/2023-04/230412-quickguide_29.pdf

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017