Art market participants, including freeport operators that store works of art, are likely to become obliged entities in the UK’s key piece of anti-money laundering and counter financing of terrorism (AML/CFT) legislation, the Money Laundering Regulations 2017 (MLRs).

The UK has published a consultation paper on amendments to be made by statutory instrument in spring 2022 to the MLRs and considers amendments required to ensure that the UK continues to meet international standards and to clarify ambiguities following Brexit.

You need to be logged in to view this article.

If you are an existing subscriber please enter your credentials to log in.

To become a member of The Association of Trade Finance Compliance Professionals (ATFCP) click here!