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.
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