Under the terms of the anti-money laundering regulation effective from 10 January 2020 we have updated our Terms and Conditions of Sales as advised by the Society of London Art Dealers (SLAD).
Please download the recently updated Terms and Conditions of Sale here.
We are now required to conduct customer due diligence (CDD) on all sales of works of art over €10,000 before the transaction is carried out. While therefore we may agree such a sale in principle, we will not be able to conclude (i.e. receive funds, give up possession or transfer title) it until we have received all the necessary CDD information from you and have been able to verify it as required by the regulation.
Below you will find the information we require from you depending on whether you are making the purchase as an individual or a legal entity. If your legal entity is not listed below or if you have any questions, please contact us.
All documents need to be originals or copies verified by approved bodies. Please send the documents as PDF attachments to elena@jamesbutterwick.com.
INDIVIDUALS
Information we need
Full Name
Date of Birth
Nationality
Permanent Residential Address
Verification documents to provide
Passport or Driving License or National ID card
Utility Bill
PRIVATE COMPANIES
Information we need
Company name
Company number
Country of incorporation
Registered address
Trading address if different to above
Director names
Ultimate beneficial owner names (individuals who own 25% or more of the shares/voting rights)
Verification documents to provide
Certificate of Incorporation or company listing from relevant corporate registry or tax return or audited accounts filed within the last accounting year AND
If not verified by the above, evidence of directors (such as copy register of directors) and ultimate beneficial owners (such as copy of shareholders’ register). The ultimate beneficial owner (UBO) of a private company is any natural person (as opposed to a corporate entity) owning 25% or more of the shares or voting rights in the company.
