UK’s new sanctions reporting regime tightens screws on struggling dealers

Diverging routes: UK foreign secretary David Lammy (left) and prime minister Keir Starmer head to Washington, DC; Britain is strengthening its AML policies while the US takes a more relaxed approach. Photo: Simon Dawson/No 10 Downing Street; Crown copyright

Megan Fox Kelly spoke with Riah Pryor at The Art Newspaper about the UK’s new sanctions and the impact on the broader market.

“The announcement hasn’t had time for proof of any ‘real-world’ implications, but I expect there will be questions as the spring auction and art fair season gets under way.”

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