Sep 20, 2022 | Guidance, Legislation and Policy
This article aims to update Art Market Participants (“AMPs”) on key updates and clarifications, explain a shift in emphasis to take a risk-based approach, and to help industry players understand what is legally required to meet compliance requirements....
Sep 16, 2022 | Guidance, Legislation and Policy
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...
Apr 1, 2022 | News, Opinion, Our solution, UK, USA
ArtAML Co-Founders Susan J Mumford and Dr Chris E King returned to the Art Law Podcast to discuss the surprise decision of FinCEN to not regulate AML in the art market (yet), and the immediate impact of Russian sanctions for the U.S. art market. Listen to the...
Feb 6, 2022 | Guidance, Legislation and Policy, Industry consultations + reports, News, Opinion, 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...
Feb 6, 2022 | Guidance, Legislation and Policy, Industry consultations + reports, UK
An early attempt at highlighting vulnerabilities the art market faces of financial crimes was included in the National Risk Assessment 2020 (UK). ArtAML was involved as a key stakeholder, and we therefore understand the challenges that were faced in presenting...
