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The Art Market and Money Laundering: The UK’s First Year Report

What are the implications of Anti Money Laundering regulations for the UK art market? Kenneth Mullen from Withersworldwide provides the answers In January 2020, art galleries, dealers, intermediaries and other art market participants (‘AMPs’) dealing in works valued at €10,000 or more became subject to UK Anti Money Laundering (‘AML’) Regulations (applying the EU’s 5th Money Laundering Directive). Consequently, as regulated businesses, AMPs are legally obliged to register with the UK regulatory authority for AMPs,...

Unique in its broad international coverage of both arts and cultural events, Arts & Collections covers fine art from antiquity to modern times, auction records, a special sale preview by Sotheby’s, as well as market trends that inform collectors of the world’s finest items.

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