A Comprehensive Report by the Financial Crimes Task Force of the Antiquities Coalition.
The U.S. government and private sector must work together to bar criminals from exploiting the $28.3 billion American art market—the largest unregulated market in the world—or risk serious consequences for the country’s national security and economic integrity, as well as legitimate collectors, dealers, auction houses, and museums. That’s the warning from "Reframing U.S. Policy on the Art Market: Recommendations for Combating Financial Crimes." Published by the Antiquities Coalition, a not-for-profit and non-partisan think tank, and authored by industry leaders, this white paper details documented risks facing the U.S. art market from money laundering, terrorist financing, sanctions violations, tax evasion, fraud, forgery, and related crimes. More importantly, it puts forward 44 concrete solutions to fight back, aimed at the government, art market, financial sector, and international community.