The UK art market is facing a notable escalation in anti-money laundering (AML) enforcement, as the latest round of HM Revenue & Customs (HMRC) penalties signals a shift from punishing simple registration failures to more deeply scrutinising operational compliance. The list revealed a hefty £158,679 fine to DYS44 Art Gallery Limited. Rena Neville, the founder and director of AML specialists Corinth Consulting , says “the number of penalties being issued is accelerating. The average registration fines for the January to September 2024 period stood above £3,000 and reached £13,000 at the top end. This latest batch of figures reveals an average fine of over £6,900, several fines around £23,000, and a highest figure of over £150,000.