Anti-Money Laundering (Aml) Policy

As part of EU law, we are legally required to obtain and verify identity documents for all customers who purchase a piece of art from us worth more than €10,000, or who spend more than €10,000 with us in a single transaction. This policy applies to everyone, regardless of whether they are new or a longstanding collector.

As a result, we must request a copy of a valid photo ID, such as a passport, driving license, or national ID card, in order to establish your full name, date of birth, nationality, and address. Ensure that your document is either a photo or a clear scan. Your identity document cannot be a picture taken from a screen, like your laptop or your phone.

We will do our best to make the process as efficient and painless for you as possible while we perform these checks. Your information must be kept for five years after it is provided to us. Our Privacy Policy ensures that all information collected and processed will always remain secure and confidential.

We recommend visiting the websites of the Dutch Financial Intelligence Unit and the Responsible Art Market for more information.

To discuss any questions or concerns you may have, please feel free to contact us.

Anti-Money Laundering (AML) Risk Assessment

Under the Money Laundering Regulations, anyone who trades in works of art valued at €10,000 or more will be required to have a written AML risk assessment that addresses the risks particular to their business. A risk assessment should be kept up to date and drafted with the understanding that it may need to be shown to Anti-Money Laundering Centre (AMLC). There is no set method for documenting a risk assessment - whether it is written in narrative, a table or in a more complex matrix format with risk scores, the key is to ensure that it demonstrates a critical assessment of the AML exposures specific to our business.

Risk Assessment Process

The goal of the risk assessment is to develop a risk-based approach which points additional resources towards mitigating exposures in the highest risk areas and reduces the burden of compliance for low-risk activities.

How do I send a copy of my ID?

To get started, you must send a scan or a photo of your ID, such as a passport, driving license, or national ID card. The picture of your ID you send cannot be a screenshot, it has to be the actual document.

Can I buy on behalf of someone else?

Should you be purchasing on behalf of someone else, please let us know so we can verify their identity. Purchasing on behalf of a business will require company details including evidence of incorporation, directors, and the ultimate beneficial owners of the company.

We require that payments be made from the bank account whose name appears on our invoice. We may need to do further checks if you wish to have a third party pay for your purchase on your behalf. Please let us know in advance if this is the case.