money laundering

money laundering

Art collector Nazem Ahmad sits in an office chair in front of a laptop, papers, and several thick black binders on a long off-white desk. Two large paintings have been hung on the walls to his left and in front of him. Nazem is staring forward and wearing a suit with casual shoes.

News

UK Crime Agency Issues Alert about Art Storage Prompted by Seizure of 32 Artworks Worth $1.26 M. from Sanctioned Collector

The alert was sent after UK police seized artworks worth $1.26 M from a collector who allegedly financed Hezbollah.

By
Karen K. Ho
Feb 27, 2024 5:05 pm

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

One of L.A.’s Most Expensive and Bespoke Penthouses Hits the Market for $29 Million

Remembering Iris Apfel: Former Met Curator Harold Koda Talks Style Influence, Bartering and Originality

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This Best-Selling Magnetic Rowing Machine Is $185 Off on Amazon Today

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