About this whitepaper
Did you know criminals can use art to evade taxes and launder money? First, art’s value is subjective so prices can fluctuate without explanation. Second, art transactions lack the regulations required by other industries like real estate or business.
This resource gives you a better understanding of the illegal art world and the tactics you can use to protect your financial institution from handling dirty art money.
This whitepaper covers:
- The three reasons why art is such an attractive vehicle for money laundering.
- Two case studies to illustrate the tactics, techniques, and procedures criminals use when laundering money with art.
- The methods all AML professionals should know to identify and prevent art fraud.