Authorities from the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has warned that art and antiquity market traders will be under the same scrutiny as financial institutions under the updated 1970 Bank Secrecy Act (BSA).
On Tuesday, officials issued a Blue Box Notice stating that antiquity traders will now be required to submit suspicious activity reports (SARs), similar to those used in financial institutions around the world.
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