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...
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...
Privacy has been established as a way of conducting business in the art market over a period of many decades. The very culture of a gallery not knowing the identity of a buyer as an intermediary (or multiple intermediaries) is situated in between parties is...
