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OFSI Updates Guidance for High-Value Dealers and Art Market Participants

14 March 2025

OFSI Updates Guidance for High-Value Dealers and Art Market Participants

The Office for Financial Sanctions Implementation (OFSI) amended their guidance on high-value dealers (HVDs) and art market participants (AMPs).

 

Key changes include:

➡️ Amendments to section 2.1 on HVDs to provide more clarity;

➡️ A webinar recording giving an overview of the guidance;

➡️ A new factsheet summarising key points from the guidance; and

➡️ FAQs 132 – 144 responding to questions from industry.

✅ HVDs and AMPs should review their sanctions systems and controls, ensuring they align with the latest guidance and lists.
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