art market Archives

How do you conduct AML at an art fair?

Sep 16, 2022 | Guidance, Knowledge Base, Our solution

Before anti-money laundering became a reality for art businesses, ArtAML founders Susan J Mumford and Chris King were asking and addressing the question. Such events can be a crucial activity for galleries and dealers (see the Art Basel annual reports for statistics...

What does the Luxury Goods Ban mean for the art market, including your business?

Sep 14, 2022 | Knowledge Base, News, UK, USA

Luxury Goods Bans were introduced by multiple jurisdictions in the wake of the Russian invasion of Ukraine. Major art markets impacted include the US, UK, EU and Switzerland, all of which are covered in this overview. Important note on the destination of luxury goods:...

When will the U.S. art market be regulated for AML? The U.S. Treasury findings released: Study of the Facilitation of Money Laundering and Terror Finance Through the Trades in Works of Art

Feb 6, 2022 | Guidance, Industry consultations, News, Opinion, Policy + Consultations, USA

At last, the findings from the 2021 U.S. study on the potential application of anti-money laundering in the art sector have been published. This article accordingly highlights top-level insights from the U.S. Treasury’s 40-page ‘Study of the Facilitation of Money...