Evening Update: High End Art And Money Laundering (3/7/22)
One of the most vulnerable parts of the financial sector, when talking about money laundering, is the high-end art world. It is a market that has little oversight and a lot of money and these factors among others have led to a huge move by oligarchs and other undesirables to use the sector to launder money. On tonight's episode, we take a look at what regulators are saying about this and what they plan to do.
(commercial at 13:02)
to contact me:
bobbycapucci@protonmail.com
source:
https://www.icij.org/investigations/pandora-papers/us-art-trade-vulnerable-to-money-laundering-but-reform-should-wait-treasury-says/