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Artists exempt from UK’s new AML regulations due on June 10 – UK Treasury

Premium May 28, 2021

The United Kingdom is the world’s second-largest art market after the United States, with an estimated value of $12.7Bn (€10.7Bn). Image by Diogo Fagundes

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By Elizabeth Hearst for AMLi The UK Treasury has today confirmed that artists will not be subject to the upcoming anti-money laundering regulations which comes into effect on June 10th.  There had been previous uncertainty whether UK artists who sell their works directly to collectors would be earmarked as Art Market Participants (AMPs). Those defined…

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Operation Henhouse was coordinated by the National Crime Agency (NCA) and the police

NEWS: Operation Henhouse – 400 arrested in UK fraud crackdown

 Premium

CONFIRMED: Five AMLA executive board members formally approved by EU MEPs

 Premium

NEWS: UK fines law firm Herbert Smith Freehills £465k for Russia sanctions breach

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