On 23 May, Ropes & Gray LLP said that OFSI had published guidance aimed to help “high value dealers” and art market participants (AMP) identify and mitigate sanctions risks. It is no surprise that the UK is a major hub for trade in high-value goods including art, antiques, “supercars,” precious metals and gemstones, and fine wine and whisky.
https://insights.ropesgray.com/post/102ifb0/sanctions-evasion-guidance-for-high-value-dealers-and-art-market-participants#page=1
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1151932/OFSI_HVD_Guidance_FINAL_180423.pdf
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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
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