US Sanctions Bulgarian Collector

July 23rd, 2021

The US Treasury has sanctioned Bulgarian collector Vassil Kroumov Bojkov, part of an ongoing investigation that some feel could have repercussions in the art market. “Sanctions compliance is a critical part of due diligence and has been for a long time. Collectors and businesses need to be prudent about reviewing counterparties,” says Nicholas O’Donnell, an attorney at Sullivan & Worcester.

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