Might you (unknowingly) be an Art Market Participant?

Aug 18, 2021 | Guidance

There are many individuals dealing in art who don’t yet realise that they’re Art Market Participants (“AMPs”) according to the Money Laundering Regulations (UK). Some surprising yet frequent examples include:- Interior designers- Art advisors / consultants whose...

Who needs to register as a ‘responsible person’ with HMRC?

Jul 2, 2021 | Guidance

Many Art Market Participants are being asked to register people in the business they didn’t know were subject to the regulations. This screenshot from an Art Market Participant registration page on gov.uk provides important insight (see more tips below): What...