News

The British Art Market Federation (BAMF) publishes new guidance on anti-money laundering

  • February 07, 2020
  • By Gregor Kleinknecht, Partner and Petra Warrington, Senior Associate

The British Art Market Federation (BAMF) has published its guidance (see here), approved by HM Treasury, on anti-money laundering for UK Art Market Participants.

This has been eagerly awaited by the art market since The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 came into force on 10th January 2020.

Watch this space for further commentary and analysis from our art team on the BAMF guidance and what the Regulations mean for dealers, auction houses and other art market participants.

 

Gregor Kleinknecht has particular expertise and a leading practice in art & cultural heritage law. Gregor is also a mediator and arbitrator with Art Resolve, the dedicated dispute resolution service for art and cultural heritage claims.

He conducts both transactional and dispute resolution work for a wide range of national and international artists, collectors, galleries, dealers, auctioneers, art consultants, funding organisations and landed estates, and advises and has successfully acted for claimants in Holocaust restitution claims. The Legal 500 directory describes Gregor as a “standout partner and litigation specialist” and a “tough litigator” in art & cultural property and the Chambers directory describes him as “one of the few I would think of as being an art market specialist” and praises his “enormous skill with art law, and his ability to handle difficult art legal issues with immense presence and skill

Petra Warrington specialises in the art and antiques market, acting on behalf of private collectors, artists, trustees, dealers, galleries and auctioneers. This often involves issues of title, history, provenance or authenticity of works of art and cultural property, as well as advising on the acquisition and sale of collections, import and export matters, loan documentation and terms and conditions of business.

Related News

May 09, 2022
Gregor Kleinknecht discusses the Nicosia Convention and how it could tackle cultural goods trafficking in Antiques Trade Gazette
May 05, 2022
Gregor Kleinknecht examines the new international convention to create criminal law sanctions to protect cultural property in The Times
Apr 28, 2022
Gregor Kleinknecht and Annabelle Woosnam examine the Council of Europe Convention on Offences relating to Cultural Property in Lawyer Monthly
Apr 05, 2022
Hunters art law team assists Forum Auctions with its first ever NFT auction
Jan 19, 2022
Gregor Kleinknecht and Anastassia Dimmek contribute to the second edition of The Art Law Review
Dec 16, 2021
Gregor Kleinknecht discusses NFTs and why artists must protect their copyright in The Times
Dec 08, 2021
Fee earners choose their favourite pieces from London Art Week Winter 2021
Nov 02, 2021
Gregor Kleinknecht and Anastassia Dimmek examine the lessons learned from the cancellation of Banksy trademarks in Lawyer Monthly
Sep 03, 2021
Gregor Kleinknecht discusses NFTs in the London Art Week Summer 2021 catalogue
Jul 26, 2021
Gregor Kleinknecht comments on the national crackdown on money laundering and fraud, and how the new regulations could cripple the small art market in The Times

© Hunters Law LLP 2022 | Privacy NoticeLegal & Regulatory | Cookies Policy | Complaints Procedure.

Hunters Law LLP is authorised and regulated by the Solicitors Regulation Authority (number 657218)