Art And Money Laundering Why The Global Art Market Needs Regulation

Art Market Operators (“AML Standards”) and Responsible Art Market, or RAM Standard are very comprehensive and tie in closely with EU Standards in AML4.

"These AML Standards adopt a “risk-based” approach to establishing measures to mitigate money laundering risks, and further note that small businesses may not have the resources to address money-laundering risks in the same way that large auction houses or major dealers and galleries will have, and may have a different risk exposure."  The question remains - how can I do this efficiently (cost) and effectively (risk appetite) without major investment in technology?

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