USA CONGRESS BACKS LAW ENDING SECRECY OVER ARTS AND ANTIQUITY SALES
January 2nd, 2021
The United States is to roll out anti-money laundering provisions in banking regulations to the sale of antiquities and arts following a January 1 vote in Congress for sweeping reforms. The vote, overturning President Donald Trump’s veto on the National Defense Authorization Act spending bill, includes a clause handing federal regulators the power to end secrecy over antiquities transactions so that buyers and sellers be identified. Regulators such as FinCEN including those behind the bill suspect the secrecy currently shrouding the cash-heavy market is being ...
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