Art Market Participants (AMPs) tuned in to AML webinar to learn more about HMRC Interventions

Art Market Participants (AMPs) tuned in to AML webinar to learn more about HMRC Interventions

Art Market Participants (AMPs) registered in the masses to attend last week’s webinar (26.09.2023) on the timely subject of HMRC Interventions and Avoiding Penalties from FCS Compliance Art Division.

Missed the webinar? Catch up here.

Held live on Tuesday 26 September, this popular webinar saw leading compliance expert and Head of Art Division, Rena Neville, walk attendees through what AMPs need to have in place to comply with the UK Money Laundering Regulations (MLRs) and what they might expect should HMRC compliance inspectors be in touch regarding an intervention or audit on their business. Highlighting the harsh reality facing those found not fulfilling the legal requirements, Rena provided art market attendees with essential, practical guidance to help them avoid damaging AML compliance penalties.

“Incredibly valuable, providing clear and timely information. Thank you.” – Feedback from webinar attendee

Key topics covered included:

1. What your legal AML obligations are today
Hear vital information on the latest legal updates applicable to the Art Market

2. The realities of an HMRC intervention
Learn what to expect in a meeting with the inspectors, what they are likely to ask and what they expect you to know.

3. How to protect your business and avoid any penalties
Receive practical guidance and learn essential steps on how to avoid the damaging consequences of non-compliance.

4. How to feel confident in your ability to demonstrate compliance
Build a greater understanding of what you need to have in place to satisfy the Regulators and continue trading with confidence this season.

During the live event, many questions from the audience were addressed by Rena, covering a wide range of concerns. With time-restricting responses to all questions in the live event, FCS Compliance went on to address any outstanding post-event, some of which can be seen here.

For those who missed the event, you can watch the recording by clicking on the link below:

WATCH THE WEBINAR RECORDING

As always, if you would like any support with your AML obligations, please do contact our friendly team who are on hand to help. Please contact us here or call directly on +44 (0) 207 624 7979.