The Regulation of the Art Trade for Anti-Money Laundering in the EU

on 27th July 2017 in ,,,

Summary

Certain types of businesses fall within the regulated sector for EU anti-money laundering, such as banks, wider financial institutions, law firms, accountancy businesses and estate agents.  Luckily for the British art market, the British government has not invited auction houses and art/antique dealers to join the club.  Auction houses and art/antique dealers in other EU Member States have not been so lucky.

Pierre Valentin is a solicitor. He specialises in art law. For the last 20 years, he has advised art collectors, art market professionals, artists and their estates and museums and galleries on all legal issues arising when buying and selling art and managing art collections. He is a Partner of Constantine Cannon LLP, a London and New York boutique law firm. He handles a mix of contentious and transactional work including fraud and dispute resolution, restitution and repatriation, private treaty sales, consignments to auction, tax solutions around art, import and export, raising capital against art and art investment funds. Prior to joining Constantine Cannon, Pierre was a Senior Director and Associate General Counsel at Sotheby's. He is a trustee of the World Monuments Fund in Britain and of the Artists' Collecting Society. He teaches art law at a postgraduate level at the Sotheby's Institute, the London School of Economics and Christie's Education. Pierre is fluent in French, Italian and Spanish.

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