Art Market
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OFSI Sends a Stark Warning to the UK Art Market
- June 27, 2025
- Posted by: FCS Compliance
- Category: Art Market, News
No CommentsOFSI warns that artworks owned by sanctioned individuals are going unreported. Art Market Participants must act to avoid penalties. FCS Compliance can help.
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Many businesses left asking “How to appeal a penalty with HMRC?”
- June 27, 2025
- Posted by: FCS Compliance
- Category: Art Market, News, Property Market
Learn how to appeal a penalty with HMRC and avoid fines. Discover the latest HMRC penalties and how AML Protect helps keep your business compliant.
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AML Update: FATF Grey List & Black List Updates – June 2025
- June 25, 2025
- Posted by: FCS Compliance
- Category: Art Market, News, Property Market
Stay up to date with the June 2025 FATF updates. See which countries were added or removed from the grey list and what this means for your due diligence.
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TV Art Expert Admits Selling to Sanctioned Hezbollah Financier
- June 2, 2025
- Posted by: FCS Compliance
- Category: Art Market, News
An art dealer who has worked as an expert on the BBC programme Bargain Hunt, has pleaded guilty to eight counts under the Terrorism Act.
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Beyond the Passport: Protecting the Art Market from Cyberfraud and Impersonation
- May 28, 2025
- Posted by: FCS Compliance
- Category: Art Market, Blog
Cyberfraud is on the rise in the art market, especially among remote clients. Learn how to go beyond collecting ID documents with practical steps to verify customer identity and stay compliant with UK AML regulations.
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Flurry of HMRC Interventions for the Art Market – Are You Prepared?
- April 29, 2025
- Posted by: FCS Compliance
- Category: Art Market
Facing an HMRC AML Intervention? Learn what to expect, how to prepare, and why even the best-looking documents might not be enough.
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Webinar Wrap-Up: Filing a SAR – A Practical Guide from the NCA
- April 15, 2025
- Posted by: FCS Compliance
- Category: Art Market, News
Key insights from our FCS Compliance webinar with the NCA on SARs – learn when and how to file, and what regulators expect from Art Market Participants.
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Frequent Questions from AMPs about the Impending Supervision of the OFSI
- March 26, 2025
- Posted by: FCS Compliance
- Category: Art Market, News
From 14 May 2025, AMPs must comply with new OFSI sanctions rules, including mandatory reporting. Learn key steps to stay compliant and avoid penalties.
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£2M in Fines for a Simple Mistake – How Are Businesses Still Getting This Wrong?
- March 20, 2025
- Posted by: FCS Compliance
- Category: Art Market, News, Property Market, Uncategorized
HMRC has fined businesses over £2M for lapsed MLR registrations. Avoid costly mistakes—use AML Protect, a free reminder service. Sign up today!
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Latest FATF Plenary Outcomes: Updates to the “Grey List” – February 2025 Update
- March 17, 2025
- Posted by: FCS Compliance
- Category: Art Market, News, Property Market
Discover the recent updates from the FATF plenary regarding the “grey list” and understand how these changes impact art market participants (AMPs) and property professionals.