The White House flagged the art market as a potential vector for financial corruption in a report Monday, but it made no mention of the ethical concerns raised by watchdogs surrounding Hunter Biden’s newfound and lucrative career in the industry.
The report, which spelled out the federal government’s strategy to combat public corruption, said the markets for art and antiquities “are especially vulnerable to a range of financial crimes” such as illicit value transfer, sanctions evasion and corruption because of “built-in opacity, lack of stable and predictable pricing, and inherent cross-border transportability.”
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