Key Lessons From the Latest UK OFSI Art Market Participants and High Value Dealers Threat Assessment (June 2025)

On 18 June 2025, the UK's Office of Financial Sanctions Implementation (OFSI) published a threat assessment on sanctions and money laundering compliance for art market participants and high value dealers, highlighting the sector's vulnerability to sanctions evasion schemes. From 14 May 2025, OFSI expanded mandatory financial sanctions reporting requirements to formally include art market participants and high value dealers.