The European Commission’s supra-national risk assessment published on 26 June 2017 identifies the art market and dealers in high-value goods as being sectors at risk due to what the report describes as their “inherent risk exposure and weak level of controls.” It recommends member states consider including auction houses, art and antiques dealers and specific traders in high-value goods in their lists of AML/CTF regulatred entities [2]
[2] “Report from the Commission to the European Parliament and the Council on the Assessment of Risks of Money Laundering and Terrorist Financing Affecting the Internal Market and Relating to Cross-Border Activities,” European Commission, http://ec.europa.eu/newsroom/document.cfm?doc_id=45319