Why AML Matters

AML measures protect collectors, artists, and the broader market by reducing financial crime risks and ensuring a secure environment for art transactions.

When We Apply Checks

Threshold & Transaction Types:

• Transactions of €10,000 or more (single or linked).
• Multiple purchases by the same client that together exceed €10,000 (e.g., several works during a fair or within one negotiation).
• Payments made via companies, trusts, intermediaries, or freeports.
• Transactions involving PEPs (politically exposed persons) or high-risk jurisdictions.

Linked Transactions (Aggregation Rule): If several operations appear connected—for example, negotiated together, close in time, or clearly part of one deal—we aggregate their values. Once the combined amount meets or exceeds €10,000, full AML checks apply.

What We May Ask For

Individuals: We may request a valid government ID (passport or national ID) and proof of address (recent utility bill or bank statement).

Companies / Trusts: We may request a company register extract, details of directors, and the Ultimate Beneficial Owner (UBO) information.

Enhanced Due Diligence (when applicable): For PEPs or high-risk countries we may require additional documentation, including clarification of the source of funds for high-value purchases.

How We Handle Your Data

Confidentiality & Retention: Documents are stored securely and used only for legal compliance. Records are kept for the statutory period (typically 5 years) and then deleted safely.

Privacy: For more on how we process personal data, see our Privacy Policy.

Our Process (At a Glance)

1. Identify & verify the client (and UBO if relevant).
2. Assess risk (country, client type, transaction nature).
3. Complete checks before delivery or transfer of title.
4. Record & retain documents securely.
5. Report suspicious activity to the national FIU when required.