- August 22, 2024
- Posted by: FCS Compliance
- Category: Art Market, Promotion
Free webinar for Art Market Participants: AML Penalties and How to Avoid Them
Brought to you by FCS Compliance, working in partnership with Borghese Associés, Paris.
Join us on Wednesday 18 September – 5pm – 6pm (BST)
About the webinar
Are you an Art Market Participant (AMP) based in the UK or France and want to learn how to avoid Anti-Money Laundering (AML) penalties?
This year in the UK, HMRC tripled the number of its interventions and is increasingly less tolerant of failures to comply with the ML Regulations. In 2023, the French government imposed its first penalties that led to significant legal expenses for French AMPs.
With upcoming fairs in London and Paris, this webinar aims to help AMPs comply with local laws in the UK and France.
Join Rena and Paula, our AML experts from FCS Compliance, Art Division and special guests, Anne-Sophie Nardon and Camille Merlier, from Borghese Associés, Paris to learn more about this important topic and be provided with insights into the British and French Regulators’ approaches to penalties and enforcement, highlighting their dramatically different approaches.
What you will learn
- Recent Regulatory Penalties: Understand the latest penalties imposed by UK and French authorities, including the specific breaches and strategies to avoid similar consequences.
- Enforcement Power and Scope: Gain insight into the enforcement powers of British and French regulatory bodies.
- Penalty Calculations: Learn how penalties are determined and discover ways to mitigate the risk of incurring them.
- Comparison of Regulations: Explore the key similarities and differences between British and
French implementations of Money Laundering Regulations. - Suspicious Activity Reports: Learn about the requirements for filing Suspicious Activity Reports in both the UK and France.
