HMRC Guidance on AML for UK Art Market

HMRC publishes guidance to help art market participants meet their obligations for money laundering supervision. Art market participants who deal in sales, purchases and/or storage of works of art with an individual value, for a single transaction, or a...

US Treasury on illicit finance in high-value art market

The Treasury published a study on the facilitation of ML/TF through the trade in works of high-value art, which examined art market participants and sectors of the high-value art market that may present ML/TF risks to the U.S. financial system, and identified...