Roy Lichtenstein’s “Modern Painting with Yellow Interweave,”used by Edemar Cid Ferreira to launder some of the $1 billion he stole from Brazil’s Banco Santos.
NEXT STEPS As this report makes clear, there are many immediate and concrete steps that can be taken to bar criminals from exploiting the $28.3 billion American art market, forty-four of which are laid out here. We urge the U.S. government to work with the private sector in implementing these recommendations. We believe they will do much to safeguard the United States’ national security and economic integrity —as well as strengthen its responsible art market. However, it is important to recognize that their success will depend on adequate resources and education being made available, not only for their implementation, but for ongoing support between all agencies and stakeholders. We look forward to working with our Task Force members and other stakeholders to begin realizing these proposed solutions. In furtherance of these efforts, we will be following up with tool kit to provide additional information and resources. We hope that you will join us in this work. Whether bad actors profit at the expense of legitimate businesses hinges on how governments, law enforcement, and responsible market players rise to the many challenges now facing the art world. As the largest art market, making up forty four percent of the global total, the United States has a unique opportunity to be a global leader. We stand ready to assist in this effort. In developing these recommendations, the Task Force drew on centuries of combined experience, dozens of interviews with outside experts and stakeholders, and extensive legal and scholarly research. The Antiquities Coalition is grateful to the members of the Task Force for their dedication to this effort. We are honored to have partnered with such a diverse group, including leaders in the art, financial sector, and legal communities, as well as former law enforcement and government officials. We are also grateful to the many others, whose names do not appear in these pages, but generously shared their expertise and experience. Their assistance has been invaluable. Any mistakes are ours and ours alone.
NEXT STEPS
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