Artsy – Just as U.S. President Donald Trump kicked off a sweeping rollback of post-crisis financial regulation, the art market took a small step in the other direction.
The Responsible Art Market Initiative (RAM), launched in late January in Geneva, is a set of guidelines and best practices designed to help art businesses comply with anti-money laundering and terrorism financing regulation. This self-regulation initiative, developed by an interdisciplinary group including experts from across the art world, academia and law enforcement, is voluntary and non-enforceable. – read more