"Both countries are alarmed by growing evidence of antiquities looting and trafficking, as well as money laundering and terrorist financing in the wider art market, and believe these activities are a severe threat to the cultural heritage of our nations and the world, as well as the integrity of our marketplaces and museums,” the State Department said in a press release.
At a forum on strengthening bilateral cooperation in the fight against the illicit trade in cultural property, the two nations agreed to establish links between law enforcement, customs and border officials and cultural institutions such as museums, the release said.
The agreement also calls for both nations to review of existing laws and policies targeting trade, money laundering and terrorist financing related to artifact trafficking, the release added.