Art Lawyers Publish Best Practices Dossier on Money Laundering

artnet News | Henri Neuendorf:

A group of Geneva-based art dealers, lawyers, and consultants are forming a Responsible Art Market Initiative in an effort to alleviate international concerns over the city’s freeports. It is intended raise awareness of the illicit trafficking of art and antiquities and the ways in which art facilitates money laundering and other financial crimes. On Thursday, the group will publish a dossier of 10 guidelines for assessing buyers and sellers of artworks in an effort to establish art market best practices… Read more

Image: Amedeo Modigliani, Seated Man with a Cane(1918). The painting, currently embroiled in a Nazi restitution lawsuit, was being stored in a Geneva freeport by the Nahmad family.