Skip to main content

tv   The Freeport System  Deutsche Welle  May 4, 2022 8:15pm-9:01pm CEST

8:15 pm
ukrainian fly to say russia has lost a new assault on the steel plant in the besieged city of mario pope. and that's it from me and the news team of, from our coming up next, a documentary about the freeport system of storage, valuable items in judas, re warehouses answered after a short break. i'm got office in berlin from me and the news team here. and sort of where natural spectacle improved world. the return of the spiky yellow with louse will ensure the survival of the entire ecosystem. one of the many success stories from a bastion of bio diversity st. helena starts may 20th on d, w. ah
8:16 pm
yes, so ladies and gentlemen, we move to the lead other davinci, the salvador monday, the masterpiece berlin out of tries to savior previous in the collections of brant kings of england. the world has become a very much more dangerous place. and that's where i think the all markets fits in because the art smoke at a seem as another safe haven. $352000000.00 is bad at $352000000.00 rental. and when it gets into the millions, it's only about money. so it's not about artistic abilities any more translation. what it is. oh, is tim a discrete? your discretion is everything in the art industry. there's plenty of room for tax evasion. the $400000000.00 is the bed and the base is so
8:17 pm
ah, does have auto mall there. salvador monday is probably in a customs warehouse. well, never see that one again in mm ah new york, he will begin our journey to learn about duty free customs warehouses and the role they play an art, another valuables about $25000000000.00 worth of art is traded in the world's biggest art market. every year, booms on wall street often spill over into art and other expensive collectibles. re here in new york, the goal hobbling wagon and kill us at lesson. when i started in new york in 1991 with my own company, a huge fan was made about any painting worth
8:18 pm
a $1000000.00 or so suddenly a 1000000 wasn't that much anymore. and then suddenly it was 10000000, all normal time. nowadays, it takes more like 100000000 to get people's attention all the people to say that's a really valuable painting. is more of austin suck. heck, because it's quickly about what has been detail is an art forwarder. his company transports valuable paintings in specially build crates to auctions and galleries. he tells us is even transported the salvatore monday. in recent years, however, he's been delivering a growing number of artworks to high secuity warehouses known as free pool. ah, is campus is become to serve along the wish bringing gainfully booked log. i think the silva to monday was stored at geneva freeport him over the years. i've sent many, many artworks to freeport in switzerland, off to major auctions, free plots of his fights caching the most valuable painting in the world. the
8:19 pm
salvador monday was created in da vinci's workshop, around 1500. it disappeared after it was salted christie's in new york in 2017 other works of azure also disappearing. museum directors like alfred fighting are often see requests the paintings going unfulfilled because the artworks are in free ports. ready ready cont, ali, humans on your computer, it's such a shame when paces just vanish but 101520 years ago, storing them and making them disappear is clearly a conscious choices. your causes, manase thought to bolster portis place in art and hidden storage has an enormous impact. he says, when in fact, you're trying to go to procedure, when a piece disappears into a warehouse or 20 or 30 years and has never seen used, it requires
8:20 pm
a certain mistake globe if the public suddenly becomes interested in seeing the work. so and, and for a piece they're willing to spend a lot of money for something like that and also good but is a hidden painting with more than one in a museum. swiss lawyer, an art market expert, monica wrote points out further. incentives for collect us to simply put the paintings into storage. steve. so next he, i met, softens, i did as a murky side of the art market, is an unregulated island. alice, you can still get away with things that have long been prohibited and punishable on the financial market. is arts can be transported very easily and for the most part, stored without the tax authorities finding out. that's why it's also a commodity that lends itself to tax crimes for your store, your daily they, i, me, geneva is one of the most important financial centers in europe. is also home to
8:21 pm
a facility where high priced collectors, items art and taxes in to set, or at least they should. genevas freeport is accustomed warehouse, the self at all money, the most expensive painting in the world. today's was reportedly kept here for years. but what are these understated buildings that conceal so much? zolphi, arkell st. i, english, i may, asked him, warehouses were created to facilitate trade long ago, long work. goods could be kept there temporarily. not decades out until the final destination was determined, our player base that they finity fair. the advantage is that you don't pay taxes to a country where the goods don't $10.00, long vote like honest with lose lawn. geneva freeport is on swiss
8:22 pm
oil and is majority owned by the count on of geneva. as long as the objects are stored there, the country doesn't to man tax or customs duties from the owners. items from all over the world can be brought straight from the airport. but what is the incentive? why does switzerland of storage facilities for expensive assets and not demand customs duties? raimie paganini has a suspicion. he was part of the geneva municipal government until 2020. he says that for a long time, swiss banks were attracting foreign assets. but that changed in 2017, when switzerland started passing information on to tax authorities in other countries. who differently avo. oh, joshua household only bought people who used to hide their money and banks could no longer do sells it much docile and the owners needed to hide all this untaxed
8:23 pm
wealth. somewhere else. li josh, it went into goods such as ours. laugh diamonds, all your old dog totes. and so the free ports became part of these new systems of the ax, optimization, as we say in switzerland. do sit, tax optimization, in other words, not paying taxes. look to me as hopeless goes over the over on big puddle. he joined geneva city government in 2007 and later became mer his suspicions surfaced during his tenure, his mer jetted uncle's head of la. so did, and i was on the board of directors of the parking administration exterior and they had a glass elevator directly across from the freeport. every time i went up, i wondered what shady operations were going on inside ios. what happens there should be public knowledge and it just isn't activity even as a mayor. i couldn't go in there then one that says it all for, for it's a fortress said dixie, sir. in fact, us we want to see for ourselves how customs warehouses like geneva freeport
8:24 pm
become the surreptitious institutions that pumpkin. he suspects them to be. that is flat, to request to film with the design of the buildings. give us a clue about their function. geneva based architect 3 b. m 3 designed an extension to the local customs warehouse followed by several freeport abroad or far from the back of monkeys. hold on the you. reports are in places that hardly any one knows apple duty free zones or industrial areas to where would is one on his p. n. benedict montalvan, carmelo stan datto, are the saw, the completion of their 1st free port for art and precious goods in 2010 of the porpoise, but that's in a coma, said artie. feel like let's watch this short video from singapore. it was shot once
8:25 pm
the building was complete and shows the entrance school. don't battle. okay, always see us in sit here you can see the secured exterior, but that we paid great attention to these external barriers. so menstrual day, the baha exterior last week, that's the visitors entrance. the architects show us both sides of the freeport, the opulent foyer, and the high security storage rooms it on while a buckle did of or though the lot for long. but you can see the root artworks take through the building. they're scanned with special scanners before they go into their small secured rooms and off, but the chombo securities it fortifications and luxury aesthetics merch here to form a new type of building a security vote for highly valuable objects, financed by an art forwarder from geneva. when i lashelle, so the board of well, we were lucky enough to have
8:26 pm
a great expert show us the way. so eve bouvier and his team developed the concept meal blast le program general area of invented a principle and passed it on to us buildings like this. didn't exist before it was an incredible experience. absolutely. more in the architects built a 2nd freeport at luxembourg airport. right next to the runway for eve bouvier. requests for an interview with paul v. a and for permission to film remain unanswered. but archive material from the buildings unveiling and fall of 2014 exists ah, a song was composed especially for the occasion a social event to mark the opening of a warehouse. ah,
8:27 pm
owner and developer. eve bouvier was there in person. he had grand plans for freeport. bowmois the gifted are developing, who's your long one. my goal is to build more of them around the world so that they become a brand, a logistics platform dedicated to artworks and valuable objects. when we want to be at the forefront of the industry in terms of security, fire safety, alarm systems, humidity, regulation and temperature control. it could go from one of them and the entrepreneur and his company. that's ra. luke goodrow created something new, luxurious high security stores that appeals to his affluent clientele via is also a successful art. dylan himself with excellent connections in
8:28 pm
2013, he sold the salvador monday for around a $127000000.00. the painting was lighter, auctioned off at christie's, as the most expensive painting in the world who he didn't want these to be drab warehouses. he wanted his freeport to be a network of glamorous treasure troves. the economist called them to the warehouses for the ultra rich. the b b. c has speculated the geneva is home to the greatest art collection. no one can see the free port successes certainly roused intrigue. politicians have started to take notice. following the panama papers, the e. u created a committee to investigate covert flows of capital, including free ports. evelyn rayner joined the investigations. she is a member of the austrian social democrats in the european parliament. yankee hercules escaped, isn't. we've heard about this free port in luxembourg,
8:29 pm
before is it like alibaba? if you go up to the cave and say, open sesame and a wealth of treasures appear via he said, we wanted to see what's there for the thought. how is it stored? is it cleared through customs who control of that sort? is there tax evasion story here while the owners, i think the ang tumor, the committee eventually received an invitation to the luxembourg freeport. in february 2018 is east and bunker, and then it looks like a bunker nor a present scene, but we couldn't see what was stored there been. ah, i was curious that i said i got i left with many more questions than i had before. i see, and the answers were very few and far between us. yeah. josh bailey, an international agreement on the disclosure of bank account data went into effect in 2017. since then, it's been much harder to hide money in banks,
8:30 pm
investment in ours and other valuable collectibles. has been increasing than these objects need to be stored as is down the road, it's not just switzerland with customers warehouses. me listen, shine gemini, luxembourg, austria accustomed warehouses have become a business model and give often but not all warehouses. valuables are automatically duty free. art forwarding firm koonce trends in vienna office. 35000 square meters of high security self storage tax is being paid as normal on most of the work stored here. owner berg vickers is planning additional warehouses to meet the high demand. the const mccarty, she see her stock for in that those are off the aren't market has sent, lee changed a lot of and so his own work and we used to cater almost exclusively to museums
8:31 pm
there. garris us of the north. but there's been a shanty, it's of people with money are investing more in real estate and on to us as, as, as a growing trend and will continue to grow. it's fashionable, it's cheap because it's what people do now when it's and we profit we are dump off, it didn't been ugly off the form in most e u countries, private companies can apply to the government for license to operate a customs warehouse including austria. mir 1st alley contributed there at the open lag. mm hm. like almost all aren't forward is with storage. we also have duty free storage. it's quite small, but we do offer it. we have a lot of collectors with objects other than ours, like gold and wine vein, they use our storage and often place items in the customs warehouse. won't even of pallet with us in sort of flight either like allison vickers doesn't believe her clients would be able to avoid paying taxes on these valuables forever . the sofa,
8:32 pm
like it is off. the customers warehouse is often just to stop gap because they don't know where they want the goods to go yet, incorrectly. and before it gets attack somewhere, they keep it in duty free storage. i got them when it comes out, it will get tax. as of it, it's not an issue here like it is in hotspots like luxembourg, geneva, and singapore. austria is different as he is in estimating the fight. if a collector brings the sculpture with a $1000000.00 to austria from abroad, it would normally cost a $130000.00 euros in tax tax. isn't jew as long as an item is in custom storage, but will everything eventually leave and become taxable? what's the value of everything here? burg vickers won't commit. ah, you ought warehouses of also spring up in germany. in the small town of mining and
8:33 pm
the state owned land is bank touring and bank had a cash storage facility built in the 19 ninety's to day it houses are under the names and char depole. customs warehouses were once strictly transit zones. nowadays valuables can stay here indefinitely. what's fueling the rising demand? aah! from his office in manhattan not far from the major auction houses at florida, fritz, diesel has long noticed the growing freeport trend. it showed me emotional long and long. i'd been wondering for a long time why we didn't have a freeport here in the united states and i wanted to create one, but i never got round to it before. for finally, 5 years ago, i decided to do it. the delaware freeport, very successful. it on turn material for the u. s. state of delaware has
8:34 pm
no v a t my. here's a top notation for art as an investment many an investor in all this is ligim and guilt in const on. if i'm an investor and i put my money into art, i don't want to pay import sales tax on my art on my investment me. in the same way that you wouldn't pay tax if you bought shares, sorry, the other. that's the exact reason for free ports so that investors can store there aren't there and not be burdened with tax issue was logon and sir, listen as of this is sinful, isn't a little shy on this philosophy. but diesel also stresses that the items become taxable as soon as they leave storage. so what's the advantage? lou? we received a message from geneva. the free port has a new director and claire beach,
8:35 pm
who's willing to talk ha ha ha. yeoman thought my plan is best, very brief and very extensive off. i want to maintain our excellent thought hunter, because we've been around for 130 years. and now where the world's biggest freeport specialized in art and valuable items like vintage wines and classic cars. and this is because we offer true excellence and you service quality. i exceed all as well as neutrality and with, with the neutrality. yes. have offices are we're not allowed to film inside the storage rooms and hallways. instead, beach introduces this to various service providers within the freeport, including art, restore andrea hoffman, even services within the duty free zone or only test once the object leaves
8:36 pm
as it's been nicely spun phone line. i've been working at the freeport for 27 years . it's an absolute privilege to work. here is us, as you know, we're all working together and our concern is the art ever to serve the art teacher design owned on 15th after the const took him the director emphasizes that free port serve primarily to preserve and protect important works of art. the common suspicions that free ports facilitate tax evasion, stem from a misunderstanding beach says, count on dish could say, coiling this place. tax free storage is wrong. next. really, it's a misnomer before it's a meth and have you longer misunderstanding. these are haps out of ignorance. her the tax is simply suspended, move as if it's on an airplane that's bar mic on his arm and when the plane lands
8:37 pm
she's found it will be a click where it land lease was at backseat. surely that any session will all the taxes really be paid in the end. we travel to jersey, the channel island and renown tax haven. tens of thousands of offshore companies registered here. john christenson is from here and was an economic advisor to the government. he then founded the tax justice network, which aims to shut down tax havens. the rental secrecy index is basically a whiff, ranking, the way in which countries enable that clause. ultra high wealthy individuals and high net high wealthy individuals to hide wealth off shore. clearly free ports of being used as an important part of, of sure, wealth management. clearly a lot of wealth is being shifted to free ports. and clearly it belongs in any index
8:38 pm
which tries to, to understand the ways in which countries like luxembourg or singapore, or switzerland, or deliberately and knowingly creating this optional space. well, very wealthy people can find that it's obvious to him how free ports of really being used while it is true that all taxes payable, once the goods leave storage, many countries may have deliberately left loopholes to attract the money of the super rich who's so look here we have a very wealthy person, actually lives in europe, wants to buy a work about it. this is a world painting which is an option in new york for 50000000 euros and practice the work of won't actually go to paris. it's going to be put into
8:39 pm
a free port facility in luxembourg, so it can fly straight from new york into luxembourg. so there it is, but actually this person doesn't want to disclose the tool that it belongs to. so she's going to put it through a company which is registered in the british virgin islands. that it fits between the work about itself and the ultimate beneficial owner. and a further safeguard the company shares don't actually belong to this person that they belong to this trust. and this trust has been established with trustees lawyers in jersey. and there's no information at all about who owns that from. so what's happened here is he set off a vehicle for avoiding tax with no wealth taxes imposed on this? there is no capital gains. tax imposed on there was no value added tax note. import tariff. no inheritance taxes whatsoever. in other words, this is a totally tax free structure and even better the work of,
8:40 pm
of my double in value and there'll be no tax at all imposed upon it at every stage . christenson has made serious accusations against free ports in the countries that use them. he says he's familiar with systems that you shall companies from his time on the island, but other used with free poets. ah, we ask an inside a he used to work for a company owned by free, put, found at eve bourget. he eventually agrees to an interview upon so by the man unchanged as a lead switch. question said it's indifferent. as soon as you start talking about it, you'll be barred from working there. expand as a lawyer, intermediary art expert or whatever, thoughts. all right, and i am because you're seen as a traitor. what are the some one who threatens the entire network header? i don't work in that environment anymore and i have no interest in working there
8:41 pm
ever again. that is on fred united, that's v. i've been thinking a lot about what we actually did there. she had a knock at our and the opportunities on offer there that i didn't even really notice before i need. i just like to make it a bit clearer, that these opportunities exist to horner's to quite often. why isn't this? this is a movie. can he? surely after the free port in singapore opened, bouvier apparently invited people from various high caliber sectors. for tula, i'm only isn't if he had toilet vine alarm in cuz we were in a room with lots of very expensive wines in huge quantities and i'd say, yeah, supposedly the largest quantities of certain vintages of the best french red wines were stored their king and opposite, that was a completely different room that had smaller rooms within it, like safe deposit boxes in a bank. i know i'm a long for gold,
8:42 pm
and there were smaller ones for diamonds. no later, if you want the free portion cinnapool is right by the airport. golden diamonds can allegedly be brought into storage straight from the tarmac, even anonymously. the 2nd using f was estimate us if you called alice city i english. it was in singapore that it 1st occurred to me to ask what's going on here? why are we always dealing with these entities that are nothing more than shall companies either to lend on? you actually give it some thought. if you find yourself asking like who is the customer here? hiding behind the company, name, sunrise, limited or whatever. hidden in the british virgin islands, konita zions, it could be anybody dimensions like they could be people with sanctions. dictators . it could be kim jong own. i and you just carry on doing business there anyway,
8:43 pm
with no idea who's riches, you're hiding like this. leister miles its designs. if assets are deposited under a shell company to the free port operators really have no way of knowing who truly owns them. actually yankee the found montage arm latoya and can choose to use an offshore construct. so you see that form of creativity, not only in the art world applicability, you see it in every legal and financial field leader, men, the kids. but we don't have the slightest interest in facilitating or any kind of illegal activity or an actor k, a t for those under many legal there are people working to shed light on these constructs. john christensen monitors dubious financial transactions around the world while we're filming. he discovers
8:44 pm
a new lead in the us shady business deals. the still surfacing from the panama papers a report that just come up from the u. s. senate, the subcommittee on investigations. and they're talking about, ah, russian oligarchs using the art market to hold wealth. and lord m launder money. they're referring in particular to one family arcady rothenberg, who apparently was holding does your blog works in germany? the us report isn't about tax evasion, but rather the evasion of international sanctions were told, the system they use is the same. the documents prove how confidence of russian president vladimir putin used offshore companies to trade valuable paintings undetected. they by moving funds, a german customs warehouse served as
8:45 pm
a hub forest and a cardi rothenberg allegedly made millions like this because of the russian annexation of crimea. they were under sanctions and when not allowed to do business in the west crystal trout theatre in germany works together with john christensen. he knows how rare it is to uncover these transactions whether she is still a hi. it's of course are dish and so dish dish fire. and that's why this case is so important that it shows for the 1st time that customs warehouses in germany a being used for dubious transactions. i'm. we are a year ago when we carried out the financial secrecy index, and the ministry of finance said that customs warehouses weren't a problem in germany. they said there were no cases of abuse. and if it's not a problem here is paula. as the spot was comfortably him on the assignments, but now we have a case that shows it is a problem late and fire. uncle billy anonymous paintings,
8:46 pm
subject to us sanctions have really arrived in germany, been stored and moved on unrecognized to the league in deutschland, uncommon, gallagher on one account by doug a short right. official man. the works of sanctioned russian oligarchs was stored here in franklin ne, cologne, in the warehouses of hassan camp. germany's largest art forwarding company. it has locations here and abroad. it was the investigation in the us that brought this to light. ah, what else is stored here? owner and managing director hands even schneider agrees to an interview. we have a tenant side problem in laga this vices. nisha a bush, tim duff were not sitting on any time bombs in the warehouse. certainly not up. we had no knowledge about oden bag fault that came out through the report on the film
8:47 pm
. huh. it was just a company that brought objects to our warehouse class. mr. bouncer was the curator who was putting together a collection that he bought at auctions in europe and around the world. the elbow chill, a perfectly normal processed, coughed folk of no matter for ah, in 2019 a representative of the russian oligarchs shall companies had the paintings transported from hassan camp to moscow. yardi wagner. tamala, they were stored normally, just like they would be for any one else. there was nothing special about it got kind of bizarre not did hasn't, can't even know or should have known who the paintings belong to the economy. the tradition because we can't track the economic beneficiaries, we can guess if we're dealing with a scenario in germany endorsement, but we can't as a rule, it's also not our job as
8:48 pm
a freight forwarder. i do exactly what customs requires of me. and that's enough. does heist the paintings was over $18000000.00 us dollars in total. their present whereabouts remains unknown. they have been no further investigation since the case in germany. swiss finance, la monica rod, things governments need to investigate further. i think the shop a decent, banished denise. i read this report like had good thriller, mickey mouse, the home, and i couldn't put it down. john gratian for his john grisham had written it. i'd be saying, well, how does he do it this? impunity, this lack of sanctions is only possible because the art market is the last significant market there that is not regulated only they mock the theft,
8:49 pm
least likely. that's it. most of the lose in germany. does anyone even check who owns the assets and customs warehouses? fabio de massey was the vice chair of the left party in the gym and parliament until 2021. he asked the ministry of finance because he had concerns about a tax loophole. loom on south wrangler at us during valuables anonymously and judy free lends itself to tax evasion. of it's anonymous us. you can't be traced meals, which obviously shook the response from the ministry of finance confirmed his suspicions. cook, shocked by americans live wind. finding himself on situation with customs warehouses is disturbing because there are no obligations for owners to report assets. they're kept of us, it's not recorded. who owned something like an expensive findings,
8:50 pm
but who has it stored? good. ownership can even be transferred during storage without having to inform customs authorities doesn't go. hm. and on average on site inspections happen only once every 3 years as the one that says everything. the system doesn't really work . no one knows what's going on. like the whole toyota to finish i, which was one which was at the ministry, admitted that it's completely legal to still valuable items under a shell company for an unlimited amount of time. in 2020 alone, osh and valuables worth more than 900000000 euros were placed in duty free storage in germany relatively little in an international comparison. but how much of this is tax evasion? a single artwork by a major artist can fetch hundreds of millions to day. how many pieces like this stored in geneva?
8:51 pm
fremy paganini also believes that free ports are systematically used to avoid taxes . and that freeport, entrepreneur e, full ga, may have used these loopholes himself to help a russian billionaire did a whole country. i've, it was sure he believes if emma, sir, believe bouvier got to know dmitri ribble of love and offered to acquire paintings for him. he lives, he sold them on to rebel of love for substantial profits. it's generally assumed that a large part of the deal between these 2 men was negotiated within the freeport bond party. the tablo since they started doing business together in 2003 via has sold almost $2000000000.00 worth of paintings to rebel of live it dog on our heel. ah said the fair. so on to the case of the salvador monday, we leave bouvier bought it for 80000000 euros alco and sold it for roughly
8:52 pm
127000000 work to saw. to say this is a fair law, said them all. and all of these transactions happened in secret, within the freeport, like and they were not taxed, goals acts your killer, so bar, oppose if you, sculptural, as punk. and he suspects there may be regular aunt sales taking place within the geneva freeport. that the world and the tax authorities know nothing about when asked about the freeport dedicated sales room, director beach said it wasn't unusual. she thought i saw seen cesar. it's not interesting. it's a room just like this one where you last so few. yeah. but with less furniture i cannot be. there's just a picture rails. keep them a sofa. and a spotlight for illumination, she does on the term of the
8:53 pm
$38.00 paintings that evil via allegedly sole to dmitri ruble of left, including the salvador monday. another piece stands out more to serpents to buy austria's gustav clamped. the 2013 south price was over a $183000000.00. more than $50000000.00 more than what rouble off left paid for the salvador monday. ah. museum director alfred writing a is a leading expert on. clint is also very familiar with art sales at customs warehouses. the country was a good thing as ever read my bill. i can talk about these matters, frankly, because i'm completely independent living. i don't charge for my services. i'm perhaps one of the few who doesn't. some of the events of whenever a clint painting changes hands on their uncles, there have been hardly any transfers without those, even if the baby when apiece was millions,
8:54 pm
change his hands. a buyer wants to be absolutely certain that it's genuine. an appraisal always confirms the authenticity ah, 1st dividing and was surprised to see how the painting can be sold without ever leaving the warehouse. but with this case, we're good of a buck a crate, comes out of say, storage room number 125, which is the seller's hold of implants. then it's packaged back. harbor goes back into the crate and the crate disappears off again to the buyers room from number 235, all of them from pres. usually, nothing ever gets out about the sales. but business partners, bouvier and ruble of live a facing off in a high profile legal battle over prices who v a reportedly now lives in singapore. he didn't respond to our request for an interview. let me hug and he is
8:55 pm
especially interested in with the bouvier and his geneva company. naturally cooter pay tax on their profits at the time. i don't miss your v 3 d r o v a says it wasn't my company, natural locals that sold those objects. so it was off shore companies that can't be taxed in switzerland at more than 20 percent out. doyle, and they're abroad anyway, so move on switzerland, there's nothing to see here. your door glasses. so shifter liana, while according to swiss media, the geneva tax offices, now investigating a tax debt, a $330000000.00 swiss francs, freeport, discreet duty free warehouses. patricia, such as ours and gold, classic cars and wines. a system for tax evasion and shady deals say critics. a place where legal loopholes can conceal the true owners and governments are
8:56 pm
reluctant to pass regulation. we've seen a shift towards a world in which politicians think it's their job to attract investment by making huge concessions, regulatory concessions and tax concessions will let you bring your stuff in your money. your wealth will manage your welfare and will keep it secret. why is it so difficult for governments to close the loopholes and doesn't get in germany? there are very strong lobbies for opaqueness and anonymous gold transactions. the german precious metals association is very strong. i have so is the foundation for family businesses. but i make a lot of noise when there are cause to increase transparency and scotia benzo. like all the, all the calls love. the reason why the art market is not regulated is because the
8:57 pm
art market is good at lobby, i think even in switzerland label, and particularly several efforts to combat money laundering have already failed against politicians. didn't agree to take the necessary stat saying shake it for turn blue. and the facilities continued to expand in 2020 a new art warehouse was opened at le bourget airport in paris by she knew an art logistics company that has taken over the business of freeport. entrepreneur e 4 via in geneva. when asked whether or not this was a customs warehouse, and whether or not he provided anonymous storage for shell companies. they declined to answer, ah ah
8:58 pm
ah ah, into the conflict zoning with sebastian more than 2 miles from to the war in ukraine on both sides and taking heavy losses. my guess this week is let's see about the line copilot issue and human rights lawyer who joins me from what makes us so sure, mr. newton wouldn't press who's nuclear conflict
8:59 pm
on in 30 minutes on d, w. o, a right now climate change, if any, off the story. this is life less the way from just one week. how much was going to really get we still have time to go. i'm going all with his subscriber or more with
9:00 pm
ah, this is dw news live from berlin. rockets hit ukraine, 2nd city, hard gave as rush as eastern offensive drags on security cameras capture the daytime destruction of an amusement park in the city. but a russian victory there is still far from certain ukrainian troops, se they've taken back several villages in the area. also on the show, the european commission pushes a ban on russian oil commission president or.