Issue/86/

FINE PRINT

Idle Hands and the Art Market: 

The Devil's Playground

BY ENRIQUE LIBERMAN, ESQ.

It has long been known that the art market can be fertile ground for persons to “launder” or “wash” cash derived from criminal activity. However, recent charges of money laundering brought by authorities in the United States against certain art dealers and collectors have sparked a renewed focus among art market participants on why and how the art world lends itself so readily to such transactions. Some art advisors and collectors seem to turn a blind eye to their possible involvement in illicit…

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