Basel Art Trade Anti-Money Laundering Principles
These Principles draw on the Basel Art Trade Guidelines originally issued in draft in 2012 and reissued in 2018 without any material changes. This paper seeks to complement and set out in more detail the anti-money laundering aspects of the 2012/2018 Guidelines.
These principles are addressed principally to art market operators, as well as service industries that support the trade in art objects such as banks, insurance companies and lawyers. The main purpose is to help all stakeholders in the art trade being misused for money laundering.
The document covers:
- Applying a risk-based approach
- Know Your Customer (KYC)
- Provenance of the art object
- Provenance of funds
- Suspicion of money laundering
The "favourability" principle - UNCAC's plug adapter for enforcement of non-conviction-based confiscation requests
Opening remarks and a presentation of key concepts by Oscar Solórzano at the side event “Living…
Working Paper 31: Die Unterstellung von Goldraffinerien unter das Geldwäschereigesetz
Die Schweiz ist der global wichtigste Standort für die Raffination von Gold. Jahr für Jahr…