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The mural high ground – money laundering in the art world

Photo: Getty Images

As regulators extend their reach to the art world to combat money laundering, businesses and clients bear the brunt of new compliance requirements.

What links expensive jewellery, fine wine, antiques and works of art? All these high-value goods offer the potential for criminals to keep dirty money out of the financial system and convert illicit cash into high-value, eminently portable assets.

But, one of these routes to sanitizing ill-gotten gains has only recently

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