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

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

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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