Looking to buy fine art? Bring your ID…Your SS-ID

Fraud has always been a concern of the art world; from forgeries through to money laundering. Mainly due to the anonymous and opaque nature of the industry. Transactions are often private. Prices can be subjective and extremely high.

I was therefore intrigued to learn last month that from January 10, 2020, art and auction houses have received regulatory backing to combat money…