Money laundering law
The art auctioneers are subject to article 305bis of the Swiss criminal code (StGB). This article penalizes actions that are able to frustrate enquiries into the origin, discovery or confiscation of assets, if the protagonist knows or must assume that these assets are derived from a crime (art. 305bis par. 1StGB). This is also valid in the case where a principal offence has been committed in a foreign country and is liable to prosecution at the scene of offence. (art. 305bis par. 3 StGB). With this law, the Swiss art market has a good deployment against money laundering.