Anonymous ID: 5082fa Feb. 9, 2025, 6:56 a.m. No.22545058   🗄️.is 🔗kun

/>>22545031

If your name is on the guest list

no one can take you higher

 

Fabulous watching the meltdowns and screetching

Anonymous ID: 5082fa Feb. 9, 2025, 6:59 a.m. No.22545067   🗄️.is 🔗kun   >>5103

~2020

 

The United States Treasury Department is putting art galleries and museums on notice over the high risks of financial crime in their trade, warning that various aspects of the art industry makes “it attractive to those engaged in illicit financial activity, including sanctions evasion.”

 

The advisory, published on Oct. 30, calls out the art industry’s heavy use of shell companies. Citing the “high degree of confidentiality and anonymity” in the art trade, the advisory cautions that art dealers may find themselves unwittingly working with criminals seeking to move illicit funds. It also notes that artwork’s often “subjective value” creates an additional attractive value to financial criminals — who are known to manipulate invoice prices to covertly shift money around the globe.

 

“The advisory serves as another reminder that the $28.3 billion American art market is the largest unregulated industry in the United States,” Tess Davis, executive director of the Antiquities Coalition, which advocates the return of stolen relics to their home countries, told ICIJ in an email.