Following the 2020 introduction of new Anti-Money Laundering legislation, art galleries are required to conduct due diligence on buyers who purchase works of art above a threshold of €10,000 (about £8,500), as either single transactions or as a series of associated transactions.
Before the conclusion of sales above that threshold, we are legally obliged to carry out identification checks on both new and existing clients. For individual buyers, we are required to verify the buyer's full name, date of birth, nationality and permanent address, and obtain a copy of a valid photo ID such as a passport or driving licence. For artworks purchased on behalf of a company, charity or trust, we will require company details including evidence of incorporation, directors and beneficial owners.
The information you provide will be held and processed by us securely and confidentially in accordance with GDP Regulations. Thank you for your understanding in this matter.
