Guidance

Financial sanctions guidance for high value dealers and art market participants

Guidance on compliance with UK financial sanctions regulations for high value dealers (HVDs) and art market participants.

• From: Office of Financial Sanctions Implementation
• Published: 14 November 2024
• Last updated: 12 May 2026
  Show all updates

  1. 12 May 2026

     Transaction values of 10,000 euros changed to £10,000.

  2. 28 January 2026

     Updated to reflect the closure of the OFSI Consolidated List on 28 January 2026. The UK Sanctions List is now the only source for all UK sanctions designations.

  3. 18 March 2025

     Link added for signing up to the new joint UK sanctions email alert service, provided by the Foreign, Commonwealth & Development Office (FCDO), the Office of Financial Sanctions Implementation (OFSI) and the Office of Trade Sanctions Implementation (OTSI).

  4. 12 March 2025

     Section 2.1 amended with clarification and factsheet added.

  5. 14 November 2024

     First published.

Documents

Financial sanctions guidance for High Value Dealers & Art Market Participants

HTML

High Value Dealers & Art Market Participants Factsheet

PDF, 2.83 MB, 1 page

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Details

Guidance on UK financial sanctions for High Value Dealers & Art Market Participants covering:

• Common evasion practices
• Due diligence
• Reporting
• Licensing
• Compliance and penalties
• Ownership and control