If You Trade in High-Value Artwork, You May Be at Risk for U.S. Sanctions Violations | Venable LLP

Venable LLP's December 2020 analysis highlighted escalating enforcement risks for art market participants, noting that a Lebanese diamond dealer and art collector had been designated a Specially Designated Global Terrorist under Executive Order 13224 for providing material support to Hezbollah. The piece also referenced the July 2020 Senate report and the October 2020 OFAC advisory as signals of heightened regulatory scrutiny of high-value art transactions.