high-risk jurisdictions Archives

High-risk jurisdictions for Art Market Participants: Why does this matter and how do you get answers?

Mar 28, 2024 | Guidance

The Financial Action Task Force (FATF) updated the list of high-risk countries on 26th February 2024, following a UK update on 21st February 2024. Specifically, this update adds Kenya and Namibia and removes Barbados, Gibraltar, Uganda and the United Arab Emirates....

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...