Antiquities Coalition: Loopholes in the art market once again pose risks to US economic integrity and national security

The US Department of Justice charged dual US-Russian citizens, with using art and antiques to launder over US $1 million and violate sanctions related to Russia’s 2022 invasion of Ukraine. The couple allegedly exploited the unregulated global art market to provide services to sanctioned Russian entities, This case highlights the growing scrutiny on financial crimes in the US art market, which remains largely exempt from AML regulations…