Protect yourself from illicit funds hidden in artwork

Did you know criminals can use art to evade taxes and launder money? First, art’s value is subjective so prices can fluctuate without explanation. Second, art transactions lack the regulations required by other industries like real estate or business.

This resource gives you a better understanding of the illegal art world and the tactics you can use to protect your financial institution from handling dirty art money.

AML RightSource

AML RightSource

AML RightSource is the leading provider of AML/BSA and financial crimes co-sourcing solutions. With over 600 AML/BSA professionals, AML RightSource assist clients in meeting their AML/BSA regulatory demands. The company’s current services include transaction monitoring, alert backlog management, enhanced due diligence reviews, fraud, and financial crimes advisory services. AML RightSource, a Clarion Capital Partners portfolio company, is headquartered in Cleveland, Ohio, and has additional facilities in Ohio, Arizona, and New York.

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