Art dealers present a high money laundering risk due to the subjective valuation of art, ease of transferring assets, and the potential for using art as a vehicle to conceal illicit funds.
Registered hedge funds (A) and law firms (C) have AML obligations but are generally more regulated. Pharmaceutical companies (B) are less associated with high ML risk.
The DFSA AML and FATF typology papers specifically identify art dealing as a sector with heightened ML risk.
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