Tag Archives: AML

Can an NFT be art? And why it matters…

Posted on: January 26, 2022 by Emily Gould

Term has started again this week for students of the Art Business and Law LLM provided by IAL in conjunction with Queen Mary, University of London. This semester, students will embark on three diverse new topics: Art and Intellectual Property, covering the intangible aspects of art; Art and Money, exploring the financial parameters of the […]

New guidance from UK Government on money laundering risks for the art trade

Posted on: July 20, 2021 by Emily Gould and Alyssa Weitkamp

On 28th June, the UK Government published further guidance on the application of anti-money laundering (AML) rules to the UK art trade. As many readers will be aware, since January 2020, anti-money laundering regulations have applied to art market participants, or AMPs (traders or intermediaries involved in the sale or purchase of works of art […]

U.S. financial crime regulations now reach antiquities trade and beyond

Posted on: February 1, 2021 by Stephanie Drawdy

A new year has swept in, bringing with it an expansion of U.S. federal anti-corruption / anti-money laundering laws. On 1 January 2021, America’s annual defense budget known as H.R. 6395, the National Defense Authorization Act for Fiscal Year 2021 (NDAA), became law. The wide-reaching and significant reforms included in the NDAA range from corporate […]