10th March 2021
The UK’s art market has been subject to stringent new regulations since an anti-money laundering directive came into force in January 2020. While the new requirements to conduct identity checks and other due diligence on art buyers initially came as a shock to an industry that has for centuries… Read More
28th February 2021
Pudding Daintytot is a pink cat, with hearts sprinkled over its chest, a rainbow cresting behind it, draconic horns, wings and a tail. “Born” in January 2019, Pudding is a “cryptokitty”: an example of what is known as a “non-fungible token”, the latest cryptocurrency craze –… Read More
26th February 2021
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
25th February 2021
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
9th February 2021
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