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French Billionaire Bernard Arnault Faces Money Laundering Probe

French Billionaire Bernard Arnault Faces Money Laundering Probe

by News Desk | Oct 5, 2023 | News

Paris, October 2023 – One of France’s wealthiest men, the influential owner of LVMH luxury goods conglomerate Bernard Arnault, is reportedly under scrutiny in France over suspicions of money laundering. This investigation, revealed by Le Monde and...
US Treasury Releases Report On Illicit Art Market Money Laundering

US Treasury Releases Report On Illicit Art Market Money Laundering

by News Desk | Feb 6, 2022 | News

The U.S. Department of the Treasury has published their study on the facilitation of money laundering and the financing of terrorism through the trade in works of high-value art. Heavyweight art dealers and auction houses spent over $1 million lobbying federal...
Art And Money Laundering Why The Global Art Market Needs Regulation

Art And Money Laundering Why The Global Art Market Needs Regulation

by News Desk | Mar 20, 2019 | News

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. There is still a long way to go in terms of the...

Professionals Scrutinise The Art World’s Shady Dealings

by News Desk | Jan 26, 2015 | Features

Regulation is needed in the global art market because it is vulnerable to money laundering, tax evasion, trading on inside information and price manipulation – as reported by the Financial Times blog after an FT Weekend lunch in Davos. It is indeed not much of...
Spanish Politicians Implicated In Money Laundering Involving Two Goya Paintings

Spanish Politicians Implicated In Money Laundering Involving Two Goya Paintings

by News Desk | Nov 13, 2014 | News

Six former high ranking Spanish government officials are being investigated by authorities over alleged corruption surrounding the sale of government-owned artworks, including two paintings by the Spanish master Francisco Goya, with a total worth of around €14 million...
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