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This workshop provides a space to explore emerging conceptual and methodological approaches to the interdisciplinary study of anti-money laundering and counter-terrorism financing regulation in the art market. It is organized as part of Project FOLLOW (Following the Money from Transaction to Trial) and Project CRAAFT (Collaboration, Research & Analysis Against the Financing of Terrorism), in cooperation with Maastricht Centre for Arts and Culture, Conservation and Heritage (MACCH).

Event details of Anti-Money Laundering/Counter-Terrorism Financing and the Art Market
Date 6 December 2021
Time 13:00 -17:00

This hybrid workshop is held simultaneously on Zoom and in person. Interested participants can e-mail Maja Dehouck at m.r.j.dehouck@uva.nl.

Objectives

In January 2020, the Fifth EU Anti-Money Laundering Directive (5AMLD) took effect in the EU Member States. This new directive formally requires art market actors to participate in AML/CFT-activities. Similar to financial institutions, which have been subject to these types of regulations ever since 9/11, galleries, auction houses and other art businesses must now conduct due diligence checks on customers and report suspicious activity to Financial Intelligence Units (FIUs). Just like bankers, accountants and lawyers, art market professionals are asked to serve as ‘gatekeepers’ in the European response to terrorism financing and money laundering.

This development delineates a new field of research. For instance, it expands the empirical scope of (computerized) surveillance and security studies, to the question of how security logics interact with art dealing practices. It is also apt to focus renewed criminological attention to white collar crimes ‘through’ art. Moreover, it points to the potential of art market studies to generate insights into the globalization of contested legal practices of ownership and wealth management, financial speculation and risk taking, as well as regulation and taxation.

This workshop provides a space to explore emerging conceptual and methodological approaches to the interdisciplinary study of anti-money laundering and counter-terrorism financing regulation in the art market.

Panels

The first panel discusses theoretical approaches to studying relevant AML/CFT practices from the social sciences. It addresses firstly what surveillance and security studies may contribute to the conversation, and secondly, how the study of money laundering and terrorism financing through art market activities relates to established art crime research. The presentations are intended to foster a debate about how best to open up this emerging field conceptually.

Chair: Marieke de Goede (University of Amsterdam). Speakers: Olav Velthuis (University of Amsterdam); Saskia Hufnagel (Queen Mary University of London); Donna Yates (Maastricht University); Maja Dehouck (University of Amsterdam).

The second panel addresses methodological and ethical issues in studying money laundering and terrorism financing in the context of the art market. Researching AML/CFT practices in the art market is challenging because they are at the nexus of secretive domains. Speakers from various disciplinary backgrounds are invited to share their relevant experiences of conducting research into and dealing with the challenges of secrecy and access.

Chair: Esmé Bosma (University of Amsterdam). Speakers: Tasniem Anwar (University of Amsterdam); Christoph Rausch (Maastricht University); Pieter Lagerwaard (University of Amsterdam).

About

Anti-Money Laundering/Counter-Terrorism Financing and the Art Market is co-organised by Maja Dehouck (M.Sc., LL.M.) and Prof. Dr. Marieke de Goede from the University of Amsterdam, and Dr. Christoph Rausch and Dr. Donna Yates from MACCH (Maastricht Centre for Arts and Culture, Conservation and Heritage) at Maastricht University. The workshop is hosted by ERC Consolidator Grant Project FOLLOW: Following the Money from Transaction to Trial (CoG—682317) and Project CRAAFT: Collaboration, Research & Analysis Against the Financing of Terrorism (EU-ISF—878484).