3VB’s Finance Column: Victor Steinmetz writes for Practical Law on AML Requirements
In this article written for 3VB’s monthly Finance Column for PLC, Victor Steinmetz discusses the unique nature of the art-secured lending market which requires more than just standard know-your-customer checks to comply with anti-money laundering obligations. This article outlines additional ‘know-your-artwork’ (KYA) checks that can be undertaken by art market participants to mitigate risks, such as incomplete or false provenance, associated with using art as collateral.
Victor has a broad practice covering general commercial litigation, banking and finance, civil fraud, and international arbitration. A large part of his work involves complex cross-border disputes and he often advises on conflict of laws issues. He is recognised as a leading junior for Banking & Finance in the Legal 500 2025 guide. Over the past two years, Victor has worked predominantly on two major art law cases, including Ashti Fine Art Limited v Art Lending Inc & anr.
Read the full article here: ‘Know-Your-Artwork’ (KYA): AML requirements for art lenders
This article was first published by Practical Law in August 2025
