Jun 19, 2026 | Guidance, Legislation and Policy
The Financial Action Task Force (FATF) updated the list of high-risk third countries (known as HRTCs) on 19 June 2026. We’re anticipating an update from the UK’s HM Treasury imminently and are awaiting news of an EU update. What’s changed? Bosnia,...
Mar 11, 2026 | Guidance, Legislation and Policy, News, UK
A message from CEO and co-founder, Susan J. Mumford: As 2026 finds its stride, I want to outline key regulatory changes expected for the regulated art market. It’s already shaping up to be a busy yet productive year, with some settling of what AML compliance...
Mar 10, 2026 | Guidance, Legislation and Policy, News, UK
The UK Government published its strategic approach to sanctions enforcement on 10th March 2026, bringing together civil and criminal enforcement responsibilities across HMRC, OFSI, OTSI, the NCA and others into a single framework. For Art Market Participants (AMPs),...
Nov 27, 2025 | Guidance, Legislation and Policy, News, UK
The UK government has introduced important reforms to the financial sanctions framework, effective 14th May 2025. These changes broaden who must report sanctions-related information to the Office of Financial Sanctions Implementation (OFSI) – and, for the first time,...
Nov 24, 2025 | Guidance, Legislation and Policy, News, UK, Uncategorized
The widely reported accusation that Hauser & Wirth is in breach of The Russia (Sanctions) (EU Exit) (Amendment) (No. 8) Regulations 2022)*, i.e., ‘Luxury Goods Ban’ is said to be the first court case under this law. This highlights the importance of UK-based Art...
Sep 30, 2025 | Guidance, Legislation and Policy, News, UK
HMRC’s latest update to its art market risk guidance, now renamed to a risk assessment (‘Understanding money laundering risks and taking action for art market participants’) represents a pivotal moment for compliance in the sector. Here’s...
