CONTROLS TIGHTEN IN GLOBAL ART MARKET AS CONCERNS OVER CRIMINAL ABUSES GROW
June 1st, 2018
A series of money laundering and illicit trade incidents in recent years has brought the art market under the watchful eye of anti-money laundering authorities. Commercial Crime International (CCI) investigates the extent of the problem and the way the sector will be affected by new European anti-money laundering regulations.
In July 2016, the US authorities accused Malaysian officials of embezzling more than USD3 billion from Malaysia’s sovereign fund 1Malaysia Development Berhad (1MDB) – alleging significant portions of the proceeds bought ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.