Please read our full Terms & Conditions by clicking here.
10. ANTI-MONEY LAUNDERING REGULATIONS
10.1 According to the latest HMRC Anti-Money Laundering Regulations, any auction house, dealer or anyone trading in or acting as an intermediary in the trade of works of art must verify identities and conduct appropriate due diligence checks, if they expect to transact at values of €10,000 or more.
In order to meet these regulations, Japanese Gallery Kensington Ltd reserves the right to demand clients intending to spend over £5000 on japanesegallery.com in a single purchase or over a period of one year in multiple purchases to provide photographic ID together with a proof of residency. Corporate clients should also provide a copy of their articles of association / company registration documents together with a letter authorising the individual to purchase on the company’s behalf. Failure to provide this may result in your orders not being processed, cancelled and/or a refund to be issued (refund can only be processed to the same account from which the payment was made).
Once documents have been screened and approved, clients will be able to make future transactions provided that the details submitted do not change. If the documents provided have an expiry date or if the registered address has changed, we will require clients to resubmit their details with their updated information.
10.2.1 In order to take part in an online transaction, you must be at least 18 years of age and you must register online. The registration page can be accessed by clicking here. Standard identification requirements are set out below 10.2.4. Please note that you must provide us with sufficient time to complete our pre-registration checks and in any event you must be registered at least one working day prior to the start of any online transaction or you may not be able to process the transaction.
10.2.2 Registration will require the submission of certain information about you. In the event you have not satisfied our registration TERMS AND CONDITIONS requirements, including but not limited to any identification, anti-money laundering or anti-terrorism financing checks conducted by us, we may at our discretion postpone or cancel your registration, not permit you to postpone or cancel completion of any purchase you may make at the online transaction.
10.2.3 Once you have registered you should keep your account details strictly confidential and you must not permit any third party to use or access your account on your behalf or otherwise. You will be liable for any and all acquisition made via your account.
10.2.4 Accepted Documents
- Current signed passport
- EU member state identity card
- Current photo card driving licence
Proof of Residency:
- Utility bill/statement – dated within past 3 months
- Mortgage statement from a recognised lender – dated within past 3 months
- Bank, building society or credit union statement – dated within past 3 months
- Local council or housing association rent card
- Current UK / EU Drivers Licence (paper version)