ECSH43535 - Registration exemptions by sector: Art market participants

Regulation 15 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regualtions 2017 (MLR 2017) exclusions can be found .

Although the scenarios below are not Regulation 15 MLR 2017 exclusions, they are worth considering as out of scope of  MLR 2017. 

A business does not need to register as an Art Market Participant (AMP) for anti-money laundering supervision if they are only: 

  • Framers, shippers, or another person just providing contact information, do not actively participate in purchase/sale transactions, and so are not acting as intermediaries/AMPs. 
  • Artists selling their own work, artists selling their own work whether as an individual/sole practitioner or through a business they own, are not within the scope of MLR 2017 and therefore, not required to register as an AMP. This extends to sales of an artist바카라 사이트™s own work through their business, which only sells their work (but not for sales of other artists바카라 사이트™ work if also sold through their business). Similarly, sales out of an artist바카라 사이트™s estate, or sales of an artist바카라 사이트™s work by someone employed by the artist, or the artist바카라 사이트™s business, to sell the artist바카라 사이트™s work, are not within scope of MLR 2017. 
  • Introducers, are only within the scope of MLR 2017 if they receive a financial value which directly relates to their active participation in the transaction (sale or purchase) of that work of art. 

Work of art바카라 사이트™ has the same meaning as in section 21 of the . 


(This content has been withheld because of exemptions in the Freedom of Information Act 2000)