Art World Pens Anti-Money-Laundering Guide Amid Scandals

Bloomberg Pursuits | Hugo Miller:

Geneva’s art world suffered another blow to its reputation in November when prosecutors seized pillaged Syrian antiquities from the city’s free port, raising concerns about money laundering and terrorist financing. Now a group of art dealers, lawyers and consultants is fighting back.

Under the banner of the Responsible Art Market Initiative, the group published a set of guidelines on Thursday designed to counter illicit activity, including 10 principles for vetting buyers and sellers of art… Read more

Image: Money laundering