In a Sign of Growing Art-Market Scrutiny, the US Treasury Department Issued a Warning to Art Businesses to Keep Track of Buyers' Identities

Following the 2020 Senate report on the Rotenberg brothers, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued an advisory urging museums, galleries, auction houses, and other art businesses to establish compliance programs to prevent sanctions evasion. The advisory marked a significant escalation in regulatory pressure on the previously unregulated high-value art market.