25
Feb
On February 4, 2022, the United States Department of the Treasury (the Treasury) issued a report titled, "Study of the Facilitation of Money Laundering and Terror Finance Through the Trade in Works of Art." The report discusses how the high-value art market, including certain non-fungible tokens (NFTs), is vulnerable to financial crime and susceptible to abuse by illicit actors. The report concludes with recommendations that would require certain art market participants to implement and maintain anti-money laundering / countering...