This week, the BAMF chairman and chief industry spokesman is presenting to parliamentarians fresh and compelling data on the value the art and antiques sector brings to UK plc. Not one for glib soundbites, Browne’s approach is unapologetically subtle – and behind closed doors.
For instance, he believes that pandering to social media outrage on issues such as ivory is ultimately counterproductive.
But …every so often Browne chooses to grab the microphone. And with Brexit negotiations now in full swing, that time is now. We wish him well.
Whether transacting with fruit sellers in Spain or paying for London cab rides, the ‘cashless society’ is here and becoming universal.
The UK government is pushing this agenda, with its updated money-laundering regulations.
As our piece outlines, the rules are now stricter and have significant implications for high-value practitioners in art and antiques.
Some of HMRC’s guidance is open to interpretation – for instance, what buying behaviour amounts to ‘linked transactions’?
HMRC is not targeting the antiques trade specifically – it’s a sad fact that few firms are safe from criminals.
But HMRC pulls no punches in its advice for firms and traders that they must familiarise themselves with the rules.
The message is quite clear: the antiques trade has to implement best practice to avoid being unwittingly caught up in money-laundering scams.