Dec 18, 2025 | EU, News, Regulation of sector
On 1st July 2025, the European Union’s Anti-Money Laundering Authority (AMLA) officially began operations in Frankfurt, Germany. This marks the most significant structural change to EU AML/CFT supervision in decades and signals a new era of harmonised...
Dec 2, 2025 | EU, Guidance, Legislation and Policy, UK
As an art market participant, you are required to complete due diligence checks on any cumulative transactions (including VAT and additional fees) that meet or exceed the threshold of 10,000 EUR. As the currency conversion between EUR and GBP fluctuates over time, we...
Dec 2, 2025 | EU, Guidance, Legislation and Policy, UK
Updated 2nd December, 2025. The transaction value that triggers the need to conduct Customer Due Diligence is €10,000 (unless there’s potentially suspicious activity, in which case the value is irrelevant). This presents a challenge to UK businesses, as a...
Oct 2, 2025 | EU, News, UK
The Center for Art Law has released the second edition of its comprehensive Anti-Money Laundering Study for Art Market Participants, marking a significant expansion of this essential resource for the global art trade. Published in October 2025, the study has grown...
Apr 29, 2024 | EU, News, UK, USA
The 50 percent rule means that if a company is at least 50% owned by a financially sanctioned individual or entity, it is illegal to transact with that company. This is regardless of the value of a transaction or what product or service is being sold. Background...
