'Art Gate' explained: What FATF report says on 'sale of Padma Bhushan'

Union Minister Anurag Thakur, took a dig at Congress and demanded that "Priyanka Gandhi came clean on who Mr. A was mentioned in the FATF case study?"

A recent report by Financial Action Task Force (FATF) titled, "Money Laundering and Terrorist Financing in the Art and Antiquities Market" has again brought into focus the murky nexus of politics and art. 

According to the report, the trade in art, antiquities, and other cultural objects is a billion-dollar industry.

"The market has attracted criminals, organised crime groups and terrorists who seek to launder proceeds of crime and fund their activities. The use of cash, third-party intermediaries, shell companies and other complex corporate structures in relevant

transactions also represent relevant illicit finance vulnerabilities," the report read.

This FATF report that focuses