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 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...
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 7, 2025 | Industry consultations + reports, News, UK
On 31st July 2025, Art Market Participants (AMPs) received an email from HMRC announcing a proposed change to the fees charged for anti-money laundering supervision (AMLS). As a Key Stakeholder supporting AMP businesses of all sizes, we urge you to read the below and...
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...
