Featured Art

Cayman Islands, Morocco Placed on Terror-Financing Watch List

Four jurisdictions, including the Cayman Islands and Morocco, will undergo increased monitoring as they face pressure from a global watchdog to address deficiencies in their anti-money-laundering efforts. The Financial Action Task Force, a Paris-based organization that sets anti-money-laundering law standards, on Thursday added Burkina Faso, the Cayman Islands, Morocco and… Read More

British Property Tycoon Emerges as Investor in Alleged Art Scam

The British entrepreneur who built up property company Dawnay Day before it collapsed amid the global financial crisis may be encountering trouble with a more recent investment — a share in a painting purchased from a high-flying art dealer now facing fraud charges. Peter Klimt has asserted a 50% interest… Read More

Shedding Light on Big Secrets in Tiny Luxembourg

By Antonio Baquero (OCCRP), Maxime Vaudano (Le Monde) and Cecilia Anesi (IRPI), 8 February 2021 OCCRP — In 2019, an announcement appeared in the Spanish press. A major stake in one of Spain’s largest weapons manufacturers, Maxamcorp, had been sold. The Spanish government approved the deal, and… Read More
3rd February 2021
A survey of UK art businesses, which were forced to adapt to new money-laundering rules last year, suggests that many dealers and advisors are coming around to the regulations—but not without some pain. Tech company Arcarta, which provides dealers with services to help them become compliant with the new rules,… Read More
1st February 2021
A long-running court case involving an art dealer who was accused of swindling $1bn from a Russian oligarch took a step closer to being resolved after Swiss prosecutors moved to close an action against him. The dispute between the dealer, Yves Bouvier, and the oligarch, Dmitry Rybolovlev – known as… Read More
27th January 2021
AP – A man charged with conspiring to smuggle tons of elephant ivory and rhinoceros horns was extradited Monday from Kenya to the United States, where he pleaded not guilty to multiple charges. Manhattan U.S. Attorney Audrey Strauss announced the arrival of Mansur Mohamed Surur to… Read More
15th January 2021
By David Klein, OCCRP, 14 January 2021 OCCRP — Following the final implementation of Brexit, and thus the U.K.’s complete exit from the European Union, the country has last week rejected EU trade regulations designed to clamp down the illegal antiquities trade. The EU law, which… Read More
8th January 2021
The US antiquities trade is going to face far stricter oversight in 2021 than it has in the past. On January 1, the Senate overrode President Trump’s veto of the National Defense Authorization Act for 2021, a bill that includes a new law requiring antiquities dealers to comply with the… Read More
7th January 2021
France’s highest court has ordered a retrial of members of the art-dealing Wildenstein family who were acquitted of tax fraud in 2018. Guy Wildenstein, a close friend of former president Nicolas Sarkozy, and other family members, known in France as “les W”, were cleared of hiding an estimated €550m… Read More
5th January 2021
The antiquities trade, which regulators have long feared provided fertile ground for money laundering and other illicit activities, will be subject to greater oversight under legislation passed by Congress on Friday when it overrode President Trump’s veto. The provisions tightening scrutiny of the antiquities market were… Read More
28th December 2020
The figures are shocking – the trade in illegal art is worth $10billion and after drugs and arms it makes up the world’s third largest black market. But the problem with claims by Unesco, art dealers say, is that they are simply not true. It has led to a row… Read More
8th December 2020
By Will Fitzgibbon, ICIJ, 7 December 2020 ICIJ — The jolt of energy delivered to the anti-corruption movement in Angola came from an unexpected source. In January, the International Consortium of Investigative Journalists and partners in 20 countries published the Luanda Leaks investigation, documenting two decades… Read More
7th December 2020
By Antonio Baquero, Dana Priest, Nina Lakhani, Paloma Dupont de Dinechin, Joaquín Gil and Álex Gutiérrez, OCCRP, 6 December 2020 OCCRP — The government of Mexico made Fidel Herrera Beltrán its consul in Barcelona, but there was considerable doubt about his true loyalties and interests during his time in Spain. Read More