UK Warns of Sanctions Risks for Art, High-Value Dealers
The U.K. issued a threat assessment June 18 for art market participants and high-value dealers to address Russian sanctions violation risks in the art industry. The Office of Financial Sanctions Implementation said it's "highly likely that high value goods" owned…
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by sanctioned parties in the U.K. haven't been reported to OFSI, and it's "likely" that Russian sanctioned parties and their enablers have dealt with high-value goods in the U.K. in "breach of asset freeze prohibitions."