On 28 July, an article from Out-Law says that new guidance issued by HMRC emphasises the increased focus of law enforcement agencies to disrupt the use of the art market as a vehicle for money laundering.  It is said that the global art market is valued at more than £50 billion, with an estimated £2.3 billion of this per year linked to financial crime.  The extended deadline for registering as an art market participant (AMP) with HMRC expired on 10 June.

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, at

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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