The Vulnerability of the Art Market

Kieran talks with Steve Schindler and Katie Wilson-Milne, partners at New York litigation and art law boutique Schindler Cohen & Hochman LLP about the state of financial crime in the global antiquities and art world. Charting some of the civil and criminal actions that have resulted in a recent wave of repatriations of artworks and antiquities from the world’s major museums, noted galleries and private collections, Steve and Katie also discuss the Financial Crimes Enforcement Network’s (FinCEN) recent extension of anti-money laundering and counter-terror finance reporting responsibilities to antiquities dealers. In laying out some of the red flags associated with illicit art and antiquities transactions Steve and Katie, who co-host “The Art Law Podcast,” also share their sense of where regulation of the two markets is headed in the United States and the world.