Office of Financial Sanctions Implementation information and guidance for High Value Dealers and Art Market Participants

IPA Insolvency Practitioner newsletter, March 2025

The Office of Financial Sanctions Implementation (OFSI) has recently released additional information and guidance for High Value Dealers (HVDs) and Art Market Participants (AMPs) to support them in navigating UK financial sanctions and new reporting requirements. This includes the following:

Online webinar providing an overview of sanctions guidance for the sector

Factsheet summarising key points of OFSI’s guidance

FAQs 132 to 144, in response to questions from industry

Minor amendment to section 2.1 of OFSI’s HVD and AMP guidance, providing additional clarification