Money laundering

Beaufort Securities broker pleads guilty to fraud involving art

Global money laundering scheme allegedly attempted to use Picasso to "clean up" £6.7m for undercover FBI agent

Art world caught up in UK's 'big problem with dirty money'

Transparency International's analysis of spending in corruption cases reveals role of art and antiques

US House of Representatives passes an anti-money laundering bill that could affect art and antiquities dealers

Introduced in March, the Counter Act is the latest legislation that faces dealers with financial regulatory burden

Funding Secure goes into administration after borrowers including London art dealer fail to pay back loans

Matthew Green owes the firm around £3m, according to legal documents filed by the peer-to-peer lender

Money laundering, trafficking, ivory: crackdown on art crime intensifies

Wave of sentencing and changes in legislation puts pressure on art world

European Parliament puts 'urgent' phasing out of freeports top of agenda

New report deplores the use of freeports to permanently store assets such as art

Lawnews

French court fines Art Basel backer UBS €3.7bn for tax evasion and money laundering

The conviction follows a seven-year investigation into the Swiss banking giant by French authorities

European Commission president Jean-Claude Juncker must close tax loopholes at Luxembourg freeport, MEP says

German politician Wolf Klinz describes the art storage facility as “high risk” for money laundering and tax evasion

Art marketcomment

Collaboration is key to solving art-market financial crime

Similar endeavours in other industries suggest that there is merit in working together to reduce financial crime

US anti-money-laundering bill could reappear early next year

Critics say the proposed law, which stalled following the US mid-term elections, would place an unnecessary burden on dealers

London dealer Matthew Green accused of selling art used to secure more than £2m in loans

His business Mayfair Fine Art went into administration earlier this year following FBI sting operation

Mayfair Fine Art administrators struggle to trace paintings linked to money-laundering scandal

Two works supposedly owned by bankrupt company, whose director Matthew Green resigned in February following FBI sting operation, are "apparently" in Dubai