Mar 3, 2020 | Guidance, Legislation and Policy, UK
Keen to have a handy guide for AML in the art market? Our publication ‘How well do you know your clients? A visual guide to anti-money laundering for the art market for Private Sales’ does just that. Download your copy >> AML for the Art Market...
Feb 6, 2020 | Guidance, Legislation and Policy, Opinion, Our solution
The amendments to UK legislation implementing the 5th Anti-Money Laundering Directive were passed in UK Parliament on 20th December 2019 and took effect on 10th January 2020. At the time of writing, the official guidance[1] is yet to be published and clarity on how to...
Feb 4, 2020 | Guidance, Legislation and Policy
HMRC as the regulator for UK Art Market Participants runs webinars that are specific to the sector as well as more generally for AMP businesses. Press play on the image below to watch a webinar for AMPs (which will take you to a separate webpage at gov.uk):...
Oct 25, 2019 | Guidance, Legislation and Policy, Opinion
What’s YOUR interpretation of new laws requiring art dealers to conduct CDD checks on collectors? When speaking with art dealers at fairs, we’ve found that while many haven’t yet come across the legislation, others don’t think it will apply to them, even if they...
Aug 29, 2019 | Guidance, Legislation and Policy
In short, yes. Why? Ease of transport: Art is relatively easy to move. Buy a piece, transfer it across a border and sell it for a lot more than that for which it was acquired. Price flexibility is normal: Sudden changes in the price of art can be justified by fad and...
