Jul 1, 2026 | EU, Guidance, Legislation and Policy, UK
Update: The threshold for Art Market Participants (AMPs) in the UK changed from €10,000 to £10,000 on 30 June 2026. While the threshold is now set in pound sterling, we will continue to keep this blog up as a reference for historic conversion rates. As an art market...
Jul 1, 2026 | EU, Guidance, Legislation and Policy, UK
Updated 1 July 2026. The transaction value that triggers the need to conduct Customer Due Diligence is €10,000 (unless there’s potentially suspicious activity, in which case the value is irrelevant). This presents a challenge to UK businesses, as a conversion...
Apr 29, 2024 | EU, News, UK, USA
The 50 percent rule means that if a company is at least 50% owned by a financially sanctioned individual or entity, it is illegal to transact with that company. This is regardless of the value of a transaction or what product or service is being sold. Background...
