Art market money laundering rules catch interior designers and toy-soldier sellers

New anti-money laundering rules aimed at preventing criminals from laundering millions through high-value art sales are unexpectedly affecting small businesses, including interior designers and toy-soldier sellers. These regulations, meant to target large-scale illicit financial activities, are now causing complications for legitimate small-scale operations. This unintended consequence highlights the challenges in crafting regulations that effectively target criminal activity without hindering legitimate businesses, underscoring the need for a balanced approach in financial oversight.