EU to downgrade art market money-laundering risk despite heists

The European Union is planning to reduce the perceived money-laundering risk associated with the art market, despite a series of high-profile thefts from museums. European Commission experts argue there's insufficient evidence linking these thefts to organized crime, which suggests the market's risk level is overstated. This decision could have broader implications for how the EU regulates the art industry, potentially affecting trade and investment in the sector. While critics argue this move might overlook the serious security concerns, it highlights the need for more precise data to inform regulatory actions.