UK Archives - Page 3 of 5

Risk Assessment and AML Policy: A legal requirement for Art Market Participants

Aug 24, 2022 | Guidance

In our view, the intention of AML legislation is two-fold:1 – Preventing your business from being the target of money laundering / terrorist-financing activities; and2 – If your business is targeted, being able to identify it (and thereby report it to...

The Art Law Podcast: How AML Regulations are hitting the UK art market and how to comply

Nov 10, 2021 | News, Opinion, Our solution, UK, USA

ArtAML Co-Founders Susan J Mumford and Dr Chris E King feature on the Art Law Podcast to discuss the recent roll-out of AML regulations in the UK. Speaking to The Art Law Podcast hosts Steve Schindler and Katie Wilson-Milne, our CEO Susan J Mumford and CTO Dr. Chris...

ArtAML™’s responses to HM Treasurys’s consultations: Amendment to the Money Laundering Regulations and Call for Evidence for the Supervisory Regime

Oct 28, 2021 | Industry consultations, Opinion, Policy + Consultations, UK

As a stakeholder for AML in the art market, ArtAML was invited to respond to two consultations with HM Treasury in autumn 2021 that look at developments in the Money Laundering Regulations as well as the Supervisory Regime. In addition to our official responses, we...

Have your say: Two consultations set to impact the UK art market (deadline: 14th October 2021)

Oct 7, 2021 | Industry consultations, News, Policy + Consultations, UK

In July 2021, HM Treasury published two consultations that invite input from art market stakeholders. The following areas are covered: ‘Digital art’ being included in the definition of ‘work of art’ in context of the Money Laundering...

Customer due diligence and reliance: Important clarity from HMRC to support your compliance

Sep 16, 2021 | Guidance

In June 2021, HMRC published risk guidance for the UK art market. Amongst other points, they outlined what is – and importantly isn’t, intended by relying on other Art Market Participants (AMPs) in transactions. Attaining this understanding is vital to...