AMLG2100 - Sector Specific Guidance: Art Market Participant Guidance
The AMP sector specific guidance is currently awaiting ministerial sign off. As soon as it is signed off, this page will be updated with the sector specific guidance. In the mean time, AMPs must ensure they follow Part 1 and Part 3 of this guidance, along with the guidance published by the British Art Market Federation.
Please note, the British Art Market Federation guidance does not reflect changes made by The Money Laundering and Terrorist Financing (Amendment) Regulations 2026, including:
- the change of the AMP threshold from 10,000 euros to £10,000.
- Changes in relation to CDD/EDD requirements, including:
- In relation to EDD being necessary for “complex or unusually large” to “unusually complex or unusually large in each case given the nature of the transaction”.
- Regulation 33(3) change from High Risk Third Countries to FATF Call for Action (black listed) countries (currently Iran, North Korea (DPRK) and Myanmar) for mandatory EDD.
- Improved information-sharing, with Companies House now included under regulation 50.
Please follow the BAMF guidance for now, unless one of the factors in one or more of the three bullets above comes into play. In such circumstances, if there is a discrepancy between the BAMF guidance and HMRC’s Part 1 guidance, please follow the guidance in Part 1 as this reflects the recent changes to the Regulations.
All registered AMPs will receive an email to the email address used to register for anti-money laundering supervision when the updated guidance is published. Once the guidance is published, the British Art Market Federation guidance will cease to be in effect.