TY  - GEN
AU  - Federici, Mariano
AU  - De Michele, Roberto
TI  - Cultural Property, Art and Money Laundering: A Look at the Crime Behind the Canvas
PY  - 2025
Y1  - 2025/04/02
DO  - 10.18235/0013428
AB  - The art market and cultural heritage assets are vulnerable to money laundering and its predicate offenses, which compromises their integrity. Although this market is difficult to measure, it is possible to affirm that goods are traded at very significant values, creating opportunities for illicit activities by both individuals and criminal organizations. This study identifies that countries do not properly assess money laundering risks in these markets, nor do they consistently implement appropriate policies to mitigate them. The problem does not appear to lie in a significant regulatory deficit but rather in the lack of institutional capacity to effectively enforce existing rules. This challenge is compounded by the need to strengthen institutional coordination at the domestic level and international cooperation. Five areas of work are proposed to address the identified challenges: (i) improve knowledge of sector risks; (ii) adopt effective rules that respond to identified risks; (iii) strengthen institutional capacity and international cooperation; (iv) promote public-private partnerships to protect heritage and the market; and (v) leverage digital technologies as tools to support policy solutions.
UR  - https://doi.org/10.18235/0013428
ER  -