Money Laundering Through Art

1. Front Matter

   Pages i-x

   PDF

2. Introduction

   • Fausto Martin De Sanctis

   Pages 1-5

3. Civil and Criminal Legislation Regarding Money Laundering and the Protection of Cultural Heritage

   • Fausto Martin De Sanctis

   Pages 7-40

4. Deterring Criminals from Engaging in Financial Crimes

   • Fausto Martin De Sanctis

   Pages 41-47

5. Investigating and Preventing Crime in the Art World

   • Fausto Martin De Sanctis

   Pages 49-89

6. Cases in Jurisprudence and in the Press

   • Fausto Martin De Sanctis

   Pages 91-119

7. Payments Through Illegal and Disguised Means, and Misuse of NGOs, Trusts, Associations and Foundations

   • Fausto Martin De Sanctis

   Pages 121-139

8. International Legal Cooperation and Repatriation of Assets

   • Fausto Martin De Sanctis

   Pages 141-171

9. Answers to Initial Questions and Conclusions

   • Fausto Martin De Sanctis

   Pages 173-191

10. Proposals to Improve the War Against Money Laundering and Terrorism Financing

    • Fausto Martin De Sanctis

    Pages 193-213

11. Back Matter

    Pages 215-223

    PDF

​The art world has been discovered by criminals as an effective way for money laundering and other clandestine activities on an international level. Unfortunately, in most countries investigators, prosecutors, judges, and regulatory agencies are not equipped to accurately detect, investigate and prosecute this type of criminal activity. Also, regulation and international laws and treaties involving the art world have many loopholes that can potentially lead to the laundering of large sums of money. This book provides a bird’s eye view of novel ways in which money laundering happens through illegal activities involving art. It can serve as a guide for law enforcement, prosecutors, judges, and others involved in efforts to curb money laundering and financing of terrorism, revealing why somehow new techniques used by criminals have been neglected by law enforcement in most countries. Drawing from his own experience with the matter in both Brazil and in the United States, the author makes a case for broader institutional and regulatory improvement, extending beyond mere regulation of the art market.

• Blackmarket art auctions
• International public law and money laundering
• Mafia and art
• Money laundering
• Money laundering and art
• Regulation and the art world

• São Paulo, Brazil

  Fausto Martin De Sanctis

Fausto Martin de Sanctis holds a Doctorate in Criminal Law from the University of São Paulo’s School of Law (USP) and an advanced degree in Civil Procedure from the Federal University of Brasilia (UnB) in Brazil. He was a Public Defender in São Paulo, from 1989-1990, and a State Court Judge, also in São Paulo, from 1990 and 1991. He is currently a federal appellate judge in Sao Paulo’s Tribunal Regional Federal – with jurisdiction over Sao Paulo and the Mato Grosso do Sul states. From April 2 to September 28 he was a fellow at Federal Judicial Center in Washington DC, USA. Judge De Sanctis was selected to handle a specialized federal court created in Brazil to exclusively hear complex cases involving finance and money laundering. He is a world known expert on this topic and he has been invited to participate in programs and conferences both in Brazil as well as internationally. Judge De Sanctis has published extensively about money laundering and related crimes, primarily with Brazilian publishers thusfar.

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