英文摘要 |
High-value artworks have become a channel for money laundering and illegal income. Given that artworks lack authoritative organizations and standardized valuation processes, their values can be easily manipulated to reach exorbitant prices. Combined with the opaque nature of art transactions, this has made artworks a preferred tool for money laundering by interested people, contributing to the global prevalence of this issue. The art market frequently witnesses illegal transactions disguised as legitimate commercial dealings. Criminals such as thieves and drug dealers exploit high value of artworks, either for personal use or as investment commodities. Illicit actors aim to launder substantial amounts of illegally required wealth through the art market. In response to these challenges, Taiwan recently passed a draft amendment to the“Cultural and Art Award and Promotion Regulations”with the goal of revitalizing the Taiwanese arts and cultural industry market. While the amendment introduces two tax incentives for art transactions, there is still a lack of implemented measures to regulate the auction industry, ensuring openness, transparency, trusty, and credibility. Addressing the gap is crucial, particularly in anticipation of the fourth mutual evaluation of Asia/Pacific Group on Money Laundering (APG). To effectively mitigate the risk of art-related money laundering, it is imperative to develop and implement comprehensive measures to regulate the art market. |