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The U.S. Treasury Department outlined in a congressionally mandated report Friday how criminals and terrorist financiers could use the art trade to launder funds, and also singled out the financial crime-related risks that non-fungible tokens, or NFTs, and other new technologies present. Art's increasing role in investment, the large, often fluctuating prices and payments that popular paintings and other pieces typically command, their ease of transport, and the tendency of collectors to prefer private sales and other secretive transactions expose the sector to corrupt officials, sanctions evaders and other criminals, Treasury concluded in the 40-page report. But participants in the...