2020 FACT SHEET on BOGUS INFORMATION ON ILLICT ART TRADE TO JUSTIFY NEW REGULATIONS
CINOA believes that the absence of material evidence of money laundering and terrorism financing cases arising from transactions involving the wider art market within the EU and USA provides a sound reason to review the rationale for targeting art intermediaries and cultural property. Furthermore, the dissemination of bogus numbers and false accusations must stop and be publicly rectified. As result of citing bogus figures on illicit trade, there is a growing body of policy and legislation based on false premises that often does damage to legitimate interests while not properly addressing the problems it sets out to solve. In this paper, we highlight the recent studies and figures as well as review what material is being wrongly used and disseminated by policy makers.To download CINOA's paper, click here.