Course description
The UK art market has been regulated for anti-money laundering since January 2020, and has received four sets of Guidance from HMT and its supervisor HMRC during this period.
Presented by expert speaker Rena Neville of FCS Compliance, this virtual classroom seminar will examine the rule changes in relation to when CDD must be done and on whom, as well as clarifying who counts as an art market participant three years on.
Aimed at art market compliance, legal and financial professionals, this session will ensure you are up to speed with the key updates in this area.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
The UK art market has been regulated for anti-money laundering since January 2020, and has received four sets of Guidance from HMT and its supervisor HMRC during this period.
Presented by expert speaker Rena Neville of FCS Compliance, this new virtual classroom seminar will examine the rule changes in relation to when CDD must be done and on whom, as well as clarifying who counts as an art market participant three years on.
Aimed at art market compliance, legal and financial professionals, this session will ensure you are up to speed with the key updates in this area.
What You Will Learn
This live and interactive session will cover the following:
- Whether a business is subject to the UK ML Regulatory scheme as an art market participant
- The art market risks cited by the UK, the Financial Action Task Force specifically making the market vulnerable to ML, and the most commonly seen red flags
- Updated 2022 and 2023 Guidance from the UK government to the art trade about the UK MLRs, such as how and when to do CDD
- Summary of the most recent penalties imposed on the art market and HMRC's other regulated sectors
- How an art market audit by HMRC works
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...