Money Laundering Through Art [electronic resource] : A Criminal Justice Perspective /
De Sanctis, Fausto Martin.author.
This volume provides a bird's eye view of novel ways in which money is laundered through illegal activities involving art. Criminals and those involved in illegal activities have discovered the art world to be an effective and clandestine arena through which they can launder money internationally. Unfortunately, investigators, prosecutors, judges and regulatory agencies in most countries are not equipped to accurately detect, investigate and prosecute this type of criminal activity. Furthermore, international laws and treaties involving the art world have many loopholes that can potentially lead to the laundering of large sums of money.   Addressing this gap in the literature, Money Laundering Through Art: A Criminal Justice Perspective can serve as a guide for academics, prosecutors, judges, law enforcement officials and others involved in efforts to curb money laundering and the financing of terrorism. It provides an overview of methods of money laundering through art, as well as specific case studies. Additionally, this book reveals why new techniques used by criminals have been largely neglected by law enforcement in many countries.   The author, drawing from his own experience with the matter in both Brazil and the United States, makes a case for broader institutional and regulatory improvement, extending beyond mere regulation of the art market. He concludes with a number of concrete recommendations to improve the fight against illegal money laundering via artwork.
Description based upon print version of record.
Money Laundering Through Art; About the Author; Acknowledgments; Contents; 1 Introduction; Bibliography; 2 Civil and Criminal Legislation Regarding Money Laundering and the Protection of Cultural Heritage; 2.1 Money Laundering: The Crime Defined; 2.2 International Laws and Treaties Regarding Money Laundering and the Protection of Cultural Heritage: A General Perspective; 2.3 National Laws and Enforcement: A Perspective from the United States and Brazil; Bibliography; 3 Deterring Criminals from Engaging in Financial Crimes; Bibliography; 4 Investigating and Preventing Crime in the Art World
4.1 The Art World: Its Actors, Crime Investigation and Crime Prevention4.2 The Art of Money Laundering and the Roles of Those Who Combat It; 4.3 The International Council of Museums; 4.4 Cultural Entities and Incentives for the Diffusion of Art; 4.5 Insurance Companies; 4.6 Financial Crimes Enforcement Network  (FinCEN) and the Council for Financial Activities Control  (COAF), Suspicious Activity Reports and Banking Risks; 4.7 Agencies Involved in Investigating Tax Fraud; Bibliography; 5 Cases in Jurisprudence and in the Press; 5.1 Jurisprudence
5.1.1 United States v. Birbragher, 603 F.3d 478 (8th Cir. 2010)5.1.2 United States v. Marsh, 164 F.3d 632 (9th Cir. 1998); 5.1.3 United States v. Amiel, 889 F. Supp. 615 (E.D.N.Y. 1995); 5.1.4 United States v. Ciarcia, 3:04CR172 AWT, 2006 WL 1801764 (D. Conn. June 28, 2006); 5.1.5 Galerie Furstenberg v. Coffaro, 697 F. Supp. 1282 (S.D.N.Y. 1988); 5.1.6 United States v. Reiss, 186 F.3d 149 (2d Cir. 1999); 5.1.7 United States v. Schultz, 333 F.3d 393 (2d Cir. 2003); 5.1.8 United States v. McClain, 545 F.2d 988 (5th Cir. 1977), Rehearing Denied, 551 F.2d 52 (5th Cir. 1977)
United States v. McClain, 593 F.2d 658 (5th Cir. 1979), Cert. Denied, 444 U.S. 918 (1979) (Two Convictions and Two Appeals)5.1.9 Record No. 2007.61.81.0011245-7SP, Conviction in 2008 by the Sixth Federal Criminal Court Specialized in Financial Crimes and Money Laundering, Upheld by the Regional Federal Appellate Court for Region 3 (São Paulo and Mato Grosso do Sul), Criminal; 5.1.10 Criminal Action No. 2003.71.00.054398-0 Filed at the Third Federal Criminal Court, Porto Alegre (State of Rio Grande do Sul)
5.1.11 Public Action Civil Suit in Court of Environmental, Agrarian and Waste Proceedings of Porto Alegre, Rio Grande Do Sul (No. 2006.71.00.014365-6RS0014365-43.2006.404.7100)5.1.12 Criminal Action No. 2004.61.81.008954-9 (Involving What was  Banco Santos) Tried Before the Sixth Federal Criminal Court Specialized in Money Laundering and Financial Crimes, on Appeal Before the Regional Federal Appellate Court for Region 3 (São P; 5.2 Cases in the Press; 5.2.1 Money Laundering Charges for Art Dealers. New York Times, 060201
and Laundering Drug Money with Art. In: http:forbes.com20030408cx_0408hot_print.html
Includes bibliographical references and index.
This volume provides a bird's eye view of novel ways in which money is laundered through illegal activities involving art. Criminals and those involved in illegal activities have discovered the art world to be an effective and clandestine arena through which they can launder money internationally. Unfortunately, investigators, prosecutors, judges and regulatory agencies in most countries are not equipped to accurately detect, investigate and prosecute this type of criminal activity. Furthermore, international laws and treaties involving the art world have many loopholes that can potentially lead to the laundering of large sums of money.   Addressing this gap in the literature, Money Laundering Through Art: A Criminal Justice Perspective can serve as a guide for academics, prosecutors, judges, law enforcement officials and others involved in efforts to curb money laundering and the financing of terrorism. It provides an overview of methods of money laundering through art, as well as specific case studies. Additionally, this book reveals why new techniques used by criminals have been largely neglected by law enforcement in many countries.   The author, drawing from his own experience with the matter in both Brazil and the United States, makes a case for broader institutional and regulatory improvement, extending beyond mere regulation of the art market. He concludes with a number of concrete recommendations to improve the fight against illegal money laundering via artwork.
Criminology.
Criminology and Criminal Justice, general.