The UK’s Surprise Money Laundering Rules Blindsided Dealers Last Month...
Galleries are finding ways to manage the administrative burden.
As galleries rush to become compliant with the new rules, some are outsourcing the work to advisory services. Tom Noon, co-founder and chief executive of Arcarta, a cloud-based app that helps art world businesses conduct customer due diligence and securely collect payments, says there has been an uptick in the number of people using the service since the new rules were introduced.
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