Dec 2, 2025 | Guidance, Legislation and Policy, News, UK
Find out if your business or a colleague with whom you’re doing business has successfully registered for Money Laundering Supervision. Why is checking the Supervised Business register important? Download the latest Register of Supervised Businesses (published by...
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...
Nov 27, 2025 | Guidance, Legislation and Policy, News, UK
The UK government has introduced important reforms to the financial sanctions framework, effective 14th May 2025. These changes broaden who must report sanctions-related information to the Office of Financial Sanctions Implementation (OFSI) – and, for the first time,...
Nov 24, 2025 | Guidance, Legislation and Policy, News, UK, Uncategorized
The widely reported accusation that Hauser & Wirth is in breach of The Russia (Sanctions) (EU Exit) (Amendment) (No. 8) Regulations 2022)*, i.e., ‘Luxury Goods Ban’ is said to be the first court case under this law. This highlights the importance of UK-based Art...
Oct 29, 2025 | Guidance, Legislation and Policy
The Financial Action Task Force (FATF) updated the list of high-risk countries (i.e., high-risk third countries, known as HRTCs) in October 2025. In response, both HM Treasury in the UK and the European Commission for the EU updated their lists. The U.S. utilises the...
