Category Archives: Anti-Money Laundering Act

The MET in the spotlight again: Due diligence dissected

Posted on: March 20, 2019 by Emily Gould

We reported late last year how busy the New York authorities have been in recent times in seizing and returning looted artefacts. The pattern has continued into the new year, with the widely reported return to the Egyptian Government of a first-century BC gilded coffin, acquired by the Metropolitan Museum of Art as the centre […]

Is it ‘buyer beware’ or must dealers play fair?

Posted on: March 1, 2019 by Julia Rodrigues Casella Hommes

As the art world gears up for another round of TEFAF to take place next month in Maastricht, we are faced with the unfortunate outcome involving the sale of two Old Master paintings during last year’s fair. The paintings, sold by the renowned London-based gallery Richard Green, were a river landscape by Jan Brueghel the […]

Tightening the screws against money laundering – will the art world be hung out to dry?

Posted on: February 4, 2019 by Emily Gould

It is rare that the somewhat dry and complex topic of anti-money laundering regulation hits the headlines in the art world. Introduce an A-list celebrity and a couple of paintings by names such as Basquiat and Picasso, however, and the stakes are raised. In June 2017 the online forum artnet news reported on an investigation […]

Addressing the challenges in international cultural property crime

Posted on: July 1, 2018 by Emily Gould

The 2018 Transatlantic Cultural Property Crime Symposium held on 28th and 29th June 2018 promised a varied and wide-ranging approach to current issues in heritage crime. It certainly did not disappoint on that score. The conference, organised jointly by Queen Mary University of London, Mount Saint Mary College, New York and the University of Maryland […]

Switzerland: revision of the Anti-Money Laundering Act will impact art dealers

Posted on: August 31, 2015 by Nina M. Neuhaus

On 1 January 2016, the revised Anti-Money Laundering Act (‘AMLA’) will enter into force. The impetus for this revision was the implementation of the Revised Financial Action Task Force Recommendations of 2012. The Financial Action Task Force (‘FATF’) is an inter-governmental organisation which was established by the G-7 Summit in Paris in 1989. Its goal is to […]