UK UPDATED AML GUIDANCE AND WHAT IT MEANS FOR THE ART MARKET

On 29 July, the Art Newspaper reported on the updated UK guidance, saying that while grey areas linger, some of the added clarity and pragmatic simplifications offered (notably in relation to who falls into the “regulated art sector” and who should be doing KYC checks on whom are to be welcomed.

https://www.theartnewspaper.com/2022/07/29/the-uk-has-updated-its-anti-money-laundering-guidanceheres-what-it-means-for-the-art-market

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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 View all posts by raytodd2017