Wednesday - 10 February 2016

Gros suspended over cash payment

17 June 2013Written by ATG Reporter

Henri Gros, partner in the Paris auctioneers Gros & Delettrez, has been suspended for two months for accepting €200,000 in small denomination notes from a Chinese buyer after the Paul-Louis Weiller sale in April 2011.

EU anti-money-laundering legislation sets a ceiling of €15,000 on cash payments from non-residents.

Me. Gros who admittted to being imprudent but not deliberately dishonest, said he had been poorly advised by his bank.

Antiques Trade Gazette is the weekly bible of the fine art and antiques industry. Read articles like this every week in the Antiques Trade Gazette or ATG app. Click here to subscribe today.

Back to top