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Art & Antiques: How GoAML Helps Prevent Money Laundering in Collectibles

Written By Fayas / Reviewed By Fahad

FAQ

Art & Antiques: How GoAML Helps Prevent Money Laundering in Collectibles
Art, antiques, and rare collectibles are often used for money laundering due to their high value and subjective pricing. Criminals buy and resell expensive artwork at manipulated prices to clean illicit cash.

How Criminals Use Art & Antiques for Money Laundering:

Overpriced Art Sales – Selling artwork at inflated values to move illegal funds. Anonymous Buyers – Using offshore entities to disguise ownership. International Shipments – Moving illicit funds through cross-border art auctions.

How GoAML Protects the Collectibles Market:

✅ Requires dealers to report large or suspicious sales. ✅ Prevents art transactions from being used in financial crime. ✅ Ensures transparency in the high-value collectibles industry.

Young & Right – Helping Art Dealers with AML Compliance

We assist art galleries, antique dealers, and collectors with GoAML registration and fraud prevention strategies. Ensure compliance with GoAML – Contact Young & Right today!
Muhammed Fayas

Muhammed Fayas

With over 4 years of hands-on experience in the financial sector, I will combine solid financial expertise with a deep understanding of market dynamics. As an ACCA part-qualified professional, Also I bring a blend of academic knowledge and practical exposure to deliver effective financial and business solutions. Adapt at analyzing financial data, streamlining processes, and ensuring compliance, I am committed to driving growth and operational excellence in dynamic business environments.

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