US Senator John Fetterman’s Art Market Integrity Act brings art dealers and auction houses under AML rules to combat money laundering and terrorist financing in the high-value art market

The Art Market Integrity Act, introduced by Senator Fetterman and colleagues, seeks to extend Bank Secrecy Act requirements to high-value art transactions, including customer due diligence, recordkeeping, and suspicious activity reporting. By closing existing regulatory gaps, the bill aims to reduce vulnerabilities in the U.S. art market exploited by sanctioned individuals, kleptocrats, and terrorist financiers, aligning U.S. standards with international best practices.