Sep 30, 2025 | Guidance, Legislation and Policy, News, UK
HMRC’s latest update to its art market risk guidance, now renamed to a risk assessment (‘Understanding money laundering risks and taking action for art market participants’) represents a pivotal moment for compliance in the sector. Here’s...
Aug 6, 2025 | Guidance, Legislation and Policy, News, USA
There’s potentially a big development across the pond: The recently introduced bipartisan ‘Art Market Integrity Act’ (AMIA), brought forward by Senators Chuck Grassley and John Fetterman, could bring U.S. art businesses under the anti-money...
Aug 5, 2025 | Guidance, Legislation and Policy, News, Press, UK
Over the past year, HMRC has intensified its enforcement of anti-money laundering (AML) regulations across the UK art market. The Art Newspaper and Antiques Trade Gazette, both major publications for the sector, have reported on these developments, outlining the...
Jul 31, 2025 | Guidance, Legislation and Policy, Industry consultations + reports, News, UK
The UK’s 2025 National Risk Assessment (NRA) has been released. Art Market Participants (AMPs) have been downgraded from HIGH to MEDIUM risk for Money Laundering, with key vulnerabilities outlined. Background In 2020, when the NRA was last published, AMPs were...
May 14, 2025 | Guidance, Legislation and Policy, News, UK
The UK government introduced significant changes to its financial sanctions framework, effective 14th May 2025. This includes the addition of Art Market Participants (AMPs) being named as ‘relevant firms’ under Sanctions Law (the Sanctions and Money...
Jan 16, 2025 | Guidance, Legislation and Policy, USA
At some point in the near future, U.S. companies will be required to file initial beneficial ownership reports with FinCEN (Financial Crimes Enforcement Network, a bureau of the U.S. Department of the Treasury). Deadline While the original deadline to file was...
