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FinCEN eyeing changes to rules around the trade of antiquities; invites feedback from stakeholders to ‘strengthen the rulemaking process’

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Image: Tajikistan National Museum of Antiquities

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By Dan Byrne for AMLi

The US Treasury’s FinCrime watchdog is planning to change the rules governing the antiquities trade, in a bid to make it harder for launderers to use it as a channel for dirty money.

Building on the mandate it received with the passing of an AML act early this year, the Financial Crimes Enforcement Network (FinCEN) is aiming to tighten its oversight of the sector and provide a more rigorous set of rules that dealers and buyers must follow to use it.

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NEWS: Austria opens fraud investigation into Signa’s Benko, ORF reports

 Premium

NEWS: Biden unlikely to cut Iran’s oil lifeline after Israel attack

NEWS: FinCEN, State Dept warn banks on massive increase in fraud using fake US Passport Cards

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