Buyer & seller screening
Screen both sides of a sale against sanctions, PEP, and watchlist data so you know who you are transacting with before value changes hands.
Industry solution
AML Compliance for Art & Luxury Goods Dealers
Screen buyers and sellers, establish source of funds on high-value transactions, and keep audit-ready records so art and luxury-goods sales meet new AML obligations.
Last updated
What MemberCheck covers
- Buyer & seller screening
- Sanctions & PEP checks
- Source-of-funds verification
- Identity verification
- Transaction recordkeeping
The challenge
Why AML matters in Art & Luxury Goods Dealers.
Art market participants, auction houses, galleries, and dealers in high-value goods have moved from lightly regulated to squarely inside the AML regime. Recent EU and UK rules bring high-value sales into scope precisely because unique, portable, and hard-to-value assets are attractive vehicles for laundering funds.
The practical obligation is to know who is on both sides of a transaction and where their money comes from. That means screening buyers and sellers against sanctions and PEP data, establishing source of funds on high-value deals, verifying identities, and keeping records a supervisor can inspect.
MemberCheck brings screening, identity verification, source-of-funds evidence, and recordkeeping into one auditable workflow, with the API integration to run it alongside the sales and client systems you already operate.
How MemberCheck helps
All solutions →Built into how your team already works.
Source-of-funds checks
Capture and document source-of-funds and source-of-wealth evidence on high-value transactions, with adverse-media checks where the risk warrants it.
Identity verification
Verify the identity of private buyers and sellers, and identify the beneficial owners behind corporate or intermediary purchasers.
Audit-ready records
Keep screening decisions, evidence, and transaction records in one place so you can demonstrate compliance to a supervisor on request.
API-first integration
Embed screening and verification into your sales, consignment, and client systems through the MemberCheck API.
What you need to cover
The obligations MemberCheck supports.
- Customer due diligence (CDD) on buyers and sellers
- Sanctions, PEP, and watchlist screening
- Source-of-funds and source-of-wealth checks on high-value transactions
- Identity verification and beneficial ownership of corporate buyers
- Enhanced due diligence on higher-risk parties
- Record keeping and audit readiness
1,000+
Global watchlists screened
<1s
Average screening response
24h
Watchlist refresh cycle
195
Countries covered
FAQ
Common questions.
Are art and luxury goods dealers now regulated for AML?
Yes. Art market participants and dealers in high-value goods are newly brought into AML regimes across the EU and UK, with obligations to perform due diligence, screen parties, and keep records.
Can MemberCheck screen both the buyer and the seller in a transaction?
Yes. MemberCheck lets you screen both sides of a sale against sanctions, PEP, and watchlist data, and identify the beneficial owners behind corporate or intermediary purchasers.
Does MemberCheck help with source-of-funds checks?
Yes. You can capture and document source-of-funds and source-of-wealth evidence on high-value transactions, supported by adverse-media checks where the risk warrants it.
What kinds of dealers can use MemberCheck?
Auction houses, galleries, and art market participants, as well as dealers in high-value goods such as jewellery, yachts, and classic cars, can use MemberCheck to meet their screening obligations.
See MemberCheck for Art & Luxury Goods Dealers.
Book a walkthrough with our compliance team and screen a real case in the first session.