French Billionaire Bernard Arnault Faces Money Laundering Probe
The owner of the LVMH luxury goods conglomerate Bernard Arnault, is reportedly under scrutiny in France over suspicions of money laundering.
5 October 2023
Search Results for: Money Laundering
US Cracks Down On Christie’s And Sotheby’s Russian Money Laundering – Damien Hirst Quietly Donates £8m To NHS – Anish Kapoor Unveils New York ‘Bean Style’ Public Monument
US Cracks Down On Christie’s And Sotheby’s Russian Money Laundering – Damien Hirst Quietly Donates £8m To NHS – Anish Kapoor Unveils New York ‘Bean Style’ Public Monument
6 February 2023
US Treasury Releases Report On Illicit Art Market Money Laundering
The U.S. Department of the Treasury has published their study on the facilitation of money laundering and the financing of… Read More
6 February 2022
Pandora Papers Reveal Artworld Money Laundering – Windrush Sculpture Unveiled – LA’s Academy Museum Opens
The Pandora Papers released over the weekend have released over twelve million documents revealing systematic tax-dodging by fourteen firms utilising offshore bank accounts to hide the assets of hundreds of wealthy clients, including over 100 billionaires
4 October 2021
London Galleries Warn Clients About New Anti-Money Laundering Laws
Cristea Roberts, one of London’s leading art galleries, has sent a memo to all of their clients warning of strict new Anti-Money Laundering legislation, effective from 10 January 2020
6 January 2020
Art And Money Laundering Why The Global Art Market Needs Regulation
High-end art, antiquities, and antiques have become more and more attractive to money launders says, Peter D. Hardy a partner at Ballard Spahr, writing for The National Law Review, in an in-depth article published today.
20 March 2019
Spanish Politicians Implicated In Money Laundering Involving Two Goya Paintings
Six former high ranking Spanish government officials are being investigated by authorities over alleged corruption surrounding the sale of government-owned… Read More
13 November 2014
Gallerist Helly Nahmad Arrested For Suspected Gambling Related Money Laundering
The well known international art dealer Helly Nahmad’s New York gallery was raided by the FBI on Tuesday morning for… Read More
17 April 2013
Caravaggio Revealed At Centre Of Wildenstein Money-laundering Trial
Whilst a major exhibition by the Italian Renaissance painter Caravaggio prepares to launch at the National Gallery in London, the Wildenstein money-laundering trial involving a key painting by Caravaggio continues in Paris. The Painting which is now in storage in Switzerland complicates issues around the estate of Daniel Wildenstein, Guy Wildenstein’s father.
12 October 2016
Art Critics Condemn The Influence Of Money And Celebrity
In October, the buzz around the Frieze Art Fair was amplified by some spectacular transactions. The record-breaking sale of Gerhard… Read More
31 October 2012
Three UK Nationals Charged In $2.7 Million NFT Scam
The FBI has charged three British men with conspiracy to commit wire fraud and money laundering in connection with an alleged NFT scam
18 June 2024
Billionaire Art Dealer Guy Wildenstein Cleared Of Tax Fraud In Paris
The billionaire art dealer Guy Wildenstein, has been cleared of tax fraud and money laundering in a Paris criminal court today (12 January).
12 January 2017
Wildenstein Tax Evasion Trial Expected In New Year
Prominent figures from the Wildenstein art dealing dynasty are expected to go on trial in France for tax evasion and money laundering
24 December 2015
Guy Wildenstein Charged With Tax Evasion In Scandalous Billion Euro Case
Guy Wildenstein the French/American art dealer and foundation trustee has been charged with tax evasion and money laundering
7 February 2013
East End Art Dealer Jailed in Landmark Terror Financing Case
In a landmark prosecution, art dealer and television personality Oghenochuko Ojiri has been sentenced to two and a half years in prison…
7 June 2025
UK Extends Tax Relief For Art Imports To Revive Ailing Market
In order to bolster the struggling British art economy, the UK Treasury has extended the window for fine art and… Read More
13 March 2025
Maurizio Cattelan: Trial Begins for Blenheim Palace Gold Toilet Theft
The brazen theft of a fully functional, solid gold toilet by the artist Maurizio Cattelan at Blenheim Palace
25 February 2025
Guy Wildenstein Guilty: Prison Term For Billionaire Art Dealer
A Paris court has delivered a verdict against French-American art dealer Guy Wildenstein, concluding a protracted legal battle over tax evasion.
6 March 2024
Paris Art Dealer Guy Wildenstein Back In Court For Tax Evasion
Paris Art Dealer Guy Wildenstein appeared in court yesterday for the third time since he was accused of Tax Evasion.
20 September 2023
Sotheby’s Christie’s And Phillips Global Sales Surge – The 2021 Figures
It’s been a big year for the three major international auction houses with record sales and new developments in digital technology.
22 December 2021
Art Market, Auction, News, NFT
Francis Bacon Forgery Ring Italian Police Make Arrests
Italian police have seized 500 drawings and collages reputed to be by the Irish born artist Francis Bacon.
12 September 2021
Art Derivatives Challenges Auction House Manipulation By Analysing Data
Art Derivatives a project by the Italian artist Paolo Cirio that challenges the ‘out of control’ practices of manipulation of the art market, the largest unregulated market after narcotics
2 July 2020
Top Art News Stories Featured On Artlyst In 2017
It has been a challenging year in the art world with record auction prices and soaring fair costs.
29 December 2017
Knoedler Art Fraud Case Glafira Rosales Ordered To Pay Back $81m
The art fraudster Glafira Rosales who was central to the Knoedler art fraud scam has been ordered to Pay $81 million in compensation to the victims of the scandal.
12 July 2017
Knoedler Fraud Sentencing Sends Out Mixed Messages To Our Unregulated Industry
The Knoedler & Co. gallery fraud case which involved selling $80m/£63m in fake Abstract Expressionist artworks to unknowing collectors seems to be edging to a lenient closure for the corrupt dealer Glafira Rosales.
1 February 2017
Top 10 – Art Scandals
What is an art Scandal? Find out here in Artlyst’s Top Ten Art Scandals!
24 December 2016
Wildenstein Art-dealing Family Tax Evasion Case Back In Court
The trial of the Wildenstein art-dealing family for tax evasion is set to continue despite the presiding judge rejecting
27 September 2016
Guy Wildenstein Trial To Take Five Month Hiatus Over Legal Technicality
The trial of Guy Wildenstein head of the New-York based art industry, Wildenstein and Company has been suspended
7 January 2016
Russian Avant-Garde Art Forgery Ring Trial Postponed
After detectives from the German Federal Criminal Police seized a trove of forged paintings; The trial of three men charged… Read More
13 February 2015
Professionals Scrutinise The Art World’s Shady Dealings
Regulation is needed in the global art market because it is vulnerable to money laundering, tax evasion, trading on inside… Read More
26 January 2015
Art Scandals Fail To Stop Record 20% Rise In Art Market Growth
It has been an incredible year for art scandals but despite the deception the art market has grown a wapping… Read More
28 December 2014
Glafira Rosales Blows The Whistle On New York’s Biggest Art Fraud
A Long Island art dealer who operated a scam selling more than $80m (£50m) worth of fake Abstract Expressionist art,… Read More
17 September 2013