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...
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:...
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...
Feb 6, 2022 | Guidance, Industry consultations, Policy + Consultations, 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...
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...
