State of Financial Crime 2023 Report

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 […]

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 […]