News

The U.S. Financial Crimes Enforcement Network took the first step Thursday toward expanding anti-money laundering rules to dealers of antiquities pursuant to a Congressional mandate. FinCEN, a bureau of the Treasury Department, issued a preliminary notice for public feedback on more than a dozen questions related to the types of activities that should qualify individuals and companies as members of the antiquities trade, the financial flows that typically underpin the industry, and its vulnerability to money launderers, terrorist financiers and other criminals. The difficulty in ascertaining the provenance of rare artifacts and pricing them accurately contributes to the sector's heightened...