White House warns art world rife with money laundering as Hunter Biden sells paintings for $500,000
Fox News
The White House is warning that the art world is fertile ground for money laundering and other financial crimes at the same time that the president's son, Hunter Biden, is raising eyebrows by selling paintings for up to half a million dollars despite lacking any formal art experience.
The White House document touches on the corruption-rife art world, noting that the "markets for art and antiquities — and the market participants who facilitate transactions — are especially vulnerable to a range of financial crimes."
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