FATF Report: Money Laundering and Terrorist Financing in the Art and Antiquities Market (2021)

The Financial Action Task Force (FATF) released a landmark 2021 report documenting money laundering and terrorist financing risks in the global art and antiquities market, which was valued at USD 65.1 billion that year. The report outlined systemic vulnerabilities including the use of anonymous transactions, freeports, and shell companies, and made recommendations for countries to strengthen their regulatory frameworks for art market participants.