UK law requires sellers of art (art market participants) to register with HMRC and follow Money Laundering Regulations including verifying source of funds (AML) and identity (KYC) for each sale over €10,000. The compliance obligation and risk is on the seller not the buyer, however they can not legally sell you works over €10,000 without a verification process being completed by you. As a trusted, independent intermediary, Art Money makes this process easy for both sides.
