Partnership pairs authID's biometric technology with ASV's KYC and compliance platform to help auction houses, galleries, and dealers combat money laundering and identity fraud

DENVER, Aug. 06, 2026 (GLOBE NEWSWIRE) -- authID (NASDAQ:AUID), a leading provider of biometric identity verification and authentication solutions, today announced it has been selected by Art Sales Vault (ASV), a provider of compliance and transaction support services specifically designed for the art market, for confirming the identities of purchasers for ASV’s clients. 

Besides the typical fraud that can occur in the trading of any commodity, money laundering is a regular factor in the art world. The price of art is typically subjective, purchasers and buyers are often not identified, and the art market is generally unregulated. Objects of art, which are highly mobile, can be traded at fluctuating prices in order to hide the proceeds of illegal activity. 

Art Sales Vault provides a full range of know-your-client (KYC) compliance and transaction support services for the art market. This includes a frictionless, affordable program that can be easily integrated with an art dealer’s existing sales process. Negative publicity regarding money laundering associated with a fine art transaction can be highly damaging to both careers and organizational reputations. ASV’s platform and services provides insurance against such damage.