US Crime Network Agency to Study Art Market

January 6 2021

Image of US Crime Network Agency to Study Art Market

Picture: The Art Newspaper

Posted by Adam Busiakiewicz:

The Art Newspaper has published a very interesting article into news that the Financial Crimes Enforcement Network (FinCEN) at the Department of the Treasury in the US is going to conduct a study into money laundering in the art market. This is part of a much larger bill recently passed by the US Senate.

It is not yet known whether this study will result in any changes in the rules that govern the art market, but the growing number of related stories in the press suggests that there is a growing pressure for even greater transparency. The bill specifically mentions that "dealers in antiquities" will be included within the reach of this study.

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