Money Laundering: Art Dealers Appeal to Europe

La Gazette Drouot
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An American report that minimizes the risks of money laundering in the art market rekindles the controversy in Europe. February 2022 Following the release of a rather cautious official American report on the risks of money laundering, the International Confederation of Art & Antique Market Professionals (CINOA) has called for a “re-evaluation” of Europe’s measures to monitor the art market. The appeal gathered support from the International Association of Dealers in Ancient Art (IADAA) and Drouot Patrimoine. The confederation, which represents 5,000 dealers and auction houses in twenty countries, asks that “anti-money-laundering rules not be extended to the art market as planned”. The

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