UK law to combat dirty money in art market set to take effect
The UK art market is about to become more transparent.
UK law to combat dirty money in art market set to take effect
Last Updated: 16 July 2020
Published: 10 January 2020
Starting Friday, art businesses registered in the country, including galleries, auction houses and freeport operators storing high-value items, will have to verify client identities on transactions exceeding 10,000 euros ($11,000), according to the regulations approved by Parliament shortly before Christmas.
Read more at the KYC360 .
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