Illegal poaching brought elephant species to the brink of extinction; therefore, international trade in ivory has become regulated by the Convention on International Trade in Endangered Species of Flora and Fauna (CITES). However, the trade is still allowed for antique items, standing for ivory from a period before 1947 within the European Union. This could serve as a loophole for the laundering of modern ivory. In the described case of the Happy Fisherman statuette, the traded item was declared to be antique, but radiocarbon analysis proved a modern provenance, and the statuette was confiscated. The radiocarbon analysis was later confirmed by information from a Chinese newspaper found inside the statuette. Based on the findings, we strongly recommend careful consideration of each individual ivory piece offered for sale, with a thorough inspection of the items and related documentation carried out by a relevant CITES authority. Any exemption of the commercial ban should be granted only to those applicants who meet the criteria of proper evidence in the form of scientific analysis or reliable and trustworthy documentation.