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Impact, Risks, and Mitigating Controls for Trafficking and Money - - PowerPoint PPT Presentation
Impact, Risks, and Mitigating Controls for Trafficking and Money - - PowerPoint PPT Presentation
Impact, Risks, and Mitigating Controls for Trafficking and Money Laundering in Art and Antiquities Tess Davis, Executive Director, the Antiquities Coalition @CombatLooting #CultureUnderThreat antiquitiescoalition.org Cultural Racketeering:
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Cultural Racketeering: Looting in ISIS Controlled Territory
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- Forgery
- Insurance
- Other Fraud
- Tax Evasion
- Money Laundering
- Sanctions
- Violations
- Terrorist Financing
Picasso’s Personnages
Art’s Vulnerability to Financial Crimes
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The Art Market’s Response
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Buyer Beware
If you see one of these red flags, think twice before you buy a piece of cultural property.
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The antiquity comes from an area in crisis.
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The antiquity is noncommercial, significant property.
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The antiquity was originally immoveable property.
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There is a vast disparity between value and price.
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There is no or weak provenance.
Property of an English Gentleman
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www.responsibleartmarket.org
Red Flags Money laundering and
- www.respoonsibleartmarket.org
The Responsible Art Market Initiative (RAM) RAM’s mission is: “To raise awareness amongst Art Businesses of risks faced by the art industry and provide practical guidance on establishing and implementing responsible practices to address those risks.”
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ACAMS TODAY | JUNE–AUGUST 2018 | ACAMS.ORG | ACAMSTODAY.ORG 2 6A M L C H A L L E N G E S
Financial Crimes Task Force Launched at ACAMS Hollywood
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Looking Forward
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