Treasury Department Warns of Sanction Evasion Risks in Art Market

November 3rd, 2020

The Treasury Department has issued statements warning of vulnerabilities in the art market that could serve as sites for malign actors to evade U.S. sanctions, the Wall Street Journal reports. “The mobility, concealability, and subjective value of artwork further exacerbate its vulnerability to sanctions evasion,” says the Department’s Office of Foreign Assets Control.

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