Art can be valuable, highly portable, and difficult to trace—making it an ideal vehicle for concealing illicit wealth. The United States hosts the world’s largest and most dynamic art market, with tens of billions of dollars of sales taking place each year. But high-end art dealers’ associations with private wealth and their commitment to customer discretion have made the sector a magnet for money laundering and sanctions evasion. Drug cartels, Hezbollah financiers, and Russian oligarchs have