Anti-Fraud & Financial Crime
Regulatory Intelligence Incorporating 'Fraud Squad'

AML, CFT, Financial Crime

NEWS: EU downgrades financial crime risk of art and antiques trade

PHOTO: The EU Commission has downgraded threat level for art market despite increase in museum heists.

By CARLO BOFFA, EU Correspondent The European Commission has downgraded the risk of artworks and antiques being used to launder money and finance terrorism in its upcoming EU-wide risk assessment, according to minutes of a January meeting. The Commission’s financial services department told the meeting that the “level of terrorist financing threat related to works…

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