A Guide to Anti-Money Laundering for Crypto Firms

Art Trade

Due to price flexibility and purchase anonymity, the art and antiquities market can provide an attractive environment for racketeers to launder money through. According to the latest available estimates from The United Nations Office on Drugs and Crime (UNODC), billions […]

Anti-Money Laundering Regulation in the Art and Antiquities Markets Banking and investment transactions have become highly scrutinized, making traditional financial transactions less conducive to pass money through the financial system for illicit purposes. Legislators and regulators have strengthened anti-money laundering […]

On September 23, FinCEN issued an Advance Notice of Proposed Rulemaking (ANPRM) for organizations in the antiquities market. This is one of the first actions by FinCEN to implement section 6110 of the Anti-Money Laundering Act (AMLA). Although most purchases […]

5amld and art trade

5AMLD and the Art Trade The European Union’s Fifth Anti Money Laundering Directive (5AMLD) came into force across all member states on 10 January 2020. The directive set out a range of requirements and amendments to EU AML legislation, including […]

Image of 5AMLD: High Value Goods

5AMLD: High Value Goods 5MLD expands the scope of legislation regarding other stores of value: art traders, for example, or those acting as intermediaries, now have AML/CFT reporting obligations and will have to perform due diligence procedures on customers. The […]