By Maya Lester KC & Michael O’Kane

OFAC issues art advisory

OFAC has issued an advisory to highlight the sanctions risks arising from dealings in high-value artwork with US-designated people or entities. The advisory says that certain features of the art market, such as transparency and confidentiality, make it vulnerable to sanctions risks. Therefore, art galleries, museums, private art collectors, auctions, agents brokers, and other participants are advised to implement a …

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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