The export office of the City of Bologna revokes the export licence granted for a portrait of Camillo Borghese by Gérard

The export office of the City of Bologna has recently attracted media attention following the revocation of an export licence granted for a portrait of Prince Camillo Borghese by the famous French artist Gérard. In February 2017, the gallery Robilant+Voena applied to export a portrait of Prince Camillo Borghese from Italy.  The export licence was […]

New Anti-Money Laundering Regulations Target the Art Market

Anti-money laundering laws in the UK are largely outlined in the Money Laundering Regulations 2017 (“Regulations 2017”)[1].  The Regulations 2017, which came into force on 26 June 2017, implemented the EU’s Fourth Anti-Money Laundering Directive (“4AMLD”).  4AMLD aligned EU money laundering laws with international standards, harmonised those laws across the EU and embraced a risk-based […]