uk art dealers fined money laundering

HM Revenue & Customs (HMRC) has published a new round of fines against UK art market participants for anti-money laundering (AML) compliance failures, covering October 2024 to March 2025. Notable penalties include £158,679 levied against London-based DYS44 Art Gallery Limited, whose director is Old Masters dealer Cesare Lampronti, for procedural violations such as lacking risk assessments, policies, staff training, and due diligence. Other fines include Atlas Gallery (£28,500) for failing to report material business changes. Over 80 penalties were issued in this six-month period, compared to 61 in the previous 20 months, signaling a sharp enforcement uptick.