Illicit Traffic of Cultural Property-2017

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UNESCO, EU and art market together ramp up fight against illicit trafficking of cultural objects

When it comes to the global art market, Europe is reportedly the largest exporter of art and antiquities, and the second largest importer.  While most of the estimated USD 14.6 billion European trade is licit or “clean”, there is no doubt that it also falls victim to organized crime, money laundering and terrorist financing as a means for generating illicit proceeds.