Jan 4, 2021 | Guidance, Legislation and Policy, Our solution
We frequently hear art market participants ask if money laundering is really an issue for the industry. While it’s still early days for the implementation of the 5th Money Laundering Directive that required member states (at the time including the UK) to bring in...
Sep 2, 2020 | Guidance, Legislation and Policy, UK
Following the announcement that UK Art Market Participants have been given until 10th June 2021 to register with HMRC, what can you do to get ready? See tips below from the ArtAML Team. Be sure to note that the legislation is in force. To get support with secure and...
Aug 25, 2020 | Guidance, Legislation and Policy, News, Press, UK
The Government is to push back the deadline for businesses to register under the new Anti-Money Laundering (AML) regulations from January 10 to June 10 next year. The five-month delay comes in the wake of pandemic restrictions, giving art market and other firms more...
May 18, 2020 | Guidance, Legislation and Policy, Industry consultations + reports, Opinion, UK
In late Spring 2019, HM Treasury, as the UK governmental authority tasked with drafting legislation to implement the EU’s Fifth Money Laundering Directive with a deadline of 10th January 2020, conducted a Consultation on the transposition of the Directive into...
Mar 3, 2020 | Guidance, Legislation and Policy, UK
Keen to have a handy guide for AML in the art market? Our publication ‘How well do you know your clients? A visual guide to anti-money laundering for the art market for Private Sales’ does just that. Download your copy >> AML for the Art Market...
Feb 6, 2020 | Guidance, Legislation and Policy, Opinion, Our solution
The amendments to UK legislation implementing the 5th Anti-Money Laundering Directive were passed in UK Parliament on 20th December 2019 and took effect on 10th January 2020. At the time of writing, the official guidance[1] is yet to be published and clarity on how to...
