Hannah
Is art above the law? Money laundering through the global art market
A single painting can sell for hundreds of millions of dollars, change ownership through anonymous entities, and remain stored away from the public for decades. In today's global art market, high-value artworks function as portable financial assets used to launder money and evade sanctions. This project examines how confidentiality in private sales, subjective valuation, and weak international regulation create conditions in which illicit funds can be laundered without detection. Utilizing financial crime scholarship, documented laundering cases, and regulatory reforms, this presentation explores the question, How does the structure of the global art market enable money laundering, and what is the most effective way to prevent it? Learn how a market built on secrecy can also function as a channel for financial crime.
WATCH HERE
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A single painting can sell for hundreds of millions of dollars, change ownership through anonymous entities, and remain stored away from the public for decades. In today's global art market, high-value artworks function as portable financial assets used to launder money and evade sanctions. This project examines how confidentiality in private sales, subjective valuation, and weak international regulation create conditions in which illicit funds can be laundered without detection. Utilizing financial crime scholarship, documented laundering cases, and regulatory reforms, this presentation explores the question, How does the structure of the global art market enable money laundering, and what is the most effective way to prevent it? Learn how a market built on secrecy can also function as a channel for financial crime.
WATCH HERE
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A college preparatory boarding school for grades 9-12
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