anti-money laundering Archives - Page 3 of 5

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...

How The New Anti-Money Laundering Laws Will Affect Art Collectors

Mar 19, 2021 | News, Opinion, Press

Hot on the heels of the implementation of AMLD5 and AMLD6 across the EU and UK, January 2021 saw the U.S. House and Senate vote through a bill to extend the rules of the 1970 Bank Secrecy Act to cover the arts sector – specifically antiques and art dealers....

UK Art Dealers Are Misusing the Law to Avoid New Money-Laundering Regulations

Mar 19, 2021 | News, Press, UK

In recent weeks it has come to light that some art businesses may have misunderstood, and unknowingly be breaking, a key part of the latest anti-money laundering regulations. We were therefore more than happy to oblige when we were asked to contribute to artnet news’...

Antiques Trade Gazette letter to the editor: No need to panic about anti money laundering rules

Feb 20, 2021 | News, Press

The art market has been dealing with a swathe of changes ranging from Brexit to anti-money laundering. In this letter by our CEO Susan J Mumford, she takes three recent breaking news items and provides a measured take. A quotation from the piece: “My take is not a...

Understanding your AML obligations, and how technology saves time and money: ArtTactic podcast interview with ArtAML

Feb 12, 2021 | Our solution, Press

We’re delighted to have been interviewed for ArtTactic’s podcast series. Taking place prior to the passing of the National Defense Authorization Act 2021 (US), Podcast Host interviewed ArtAML CEO Susan J Mumford with cross-Atlantic fascination. Susan provided a...