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INTERPOL and Europol investigators from 25 countries dismantle an international operation against art trafficking, resulting in 85 arrests and the recovery of more than 6,400 cultural goods

by Jyotsna Bucktowar | Jul 19, 2024

During Pandora VIII, several thousand checks were carried out at airports, ports and border crossing points, as well as in auction houses, museums and private residences. Law enforcement also patrolled the web and conducted 6,000 online checks, leading to the recovery...

Gold and art worth millions forfeited by NCA and linked to crime

by Jyotsna Bucktowar | May 7, 2024

The criminal assets were seized by NCA officers during an investigation into ML, whose clientele included drug traffickers. Mayhew-Lewis, of Oxted in Surrey, was caught with eight kilos of gold bars and shavings when he was arrested in 2019 by West Midlands Police...

Artforum: Head of Saudi Arabia’s Alula Cultural Development arrested on suspicion of money laundering

by AdrianaAMLP | Jan 30, 2024

“Amr al-Madani, chief executive officer of the Royal Commission for AlUla (RCU), the government agency created in 2017 to conserve and develop AlUla, a 2,000-year-old archaeological and historical site in northwestern Saudi Arabia, was arrested on January 28 on...

NCA issues amber warning highlighting the sanctions evasion and ML risks presented to UK industries linked to the art storage sector

by AdrianaAMLP | Jan 23, 2024

Art market participants are advised to ensure capacity to identify within their business any change in client status and suspicious activity relating to financial sanctions evasion, money laundering, cultural property trafficking, or other criminality.

AML regulations in the art market compared across the UK, US and EU

by Jyotsna Bucktowar | Dec 8, 2023

This edition provides a needed and focused overview of laws on AML due diligence obligations, beneficial ownership registration, and the civil and criminal sanctions that can flow from violations in each covered jurisdiction…
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