Oct 2, 2025 | EU, Guidance, Legislation and Policy, UK
Updated 2nd October, 2025. The transaction value that triggers the need to conduct Customer Due Diligence is €10,000 (unless there’s potentially suspicious activity, in which case the value is irrelevant). This presents a challenge to UK businesses, as a...
Oct 2, 2025 | EU, Guidance, Legislation and Policy, UK
As an art market participant, you are required to complete due diligence checks on any cumulative transactions (including VAT and additional fees) that meet or exceed the threshold of 10,000 EUR. As the currency conversion between EUR and GBP fluctuates over time, we...
Jun 13, 2025 | Guidance, Legislation and Policy
The Financial Action Task Force (FATF) updated the list of high-risk countries (i.e., high-risk third countries, known as HRTCs) in June 2025. In response to that, both HM Treasury in the UK and the European Commission for the EU both updated their lists.The U.S. uses...
