Art Market
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Webinar: New Sanctions Obligations from May for all AMPs
- March 7, 2025
- Posted by: FCS Compliance
- Category: Art Market, News
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What are the practical consequences when on 14 May Art Market Participants (AMPs) come under an additional regulator, the Office of Financial Sanctions Implementation (OFSI)?
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4 critical takeaways from the recent OFSI updates that AMPs must be aware of
- February 6, 2025
- Posted by: FCS Compliance
- Category: Art Market, News
Recent updates from the Office of Financial Sanctions Implementation (OFSI) introduce stricter obligations for Art Market Participants (AMPs), emphasising the need for robust compliance practices. Here’s what you need to know.
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5 AML Watchouts for AMPs in 2025
- February 6, 2025
- Posted by: FCS Compliance
- Category: Art Market, News
As we look ahead to 2025, there are several important developments on the horizon for art market participants (AMPs) that will shape compliance efforts, regulatory obligations, and industry trends.
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2024 AML Recap for the Art Market
- February 6, 2025
- Posted by: FCS Compliance
- Category: Art Market, News
In 2024, there was notable activity in the anti-money laundering (AML) and sanctions landscape for art market participants (AMPs) in the UK.
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Sanctions Update: Free Webinar for AMPs
- February 6, 2025
- Posted by: FCS Compliance
- Category: Art Market, News, Promotion
**Important AML Update** New Sanctions Obligations from May for all AMPs Free webinar | 12pm to 1pm (BST) | Friday 7 March What are the practical consequences when on 14 May Art Market Participants (AMPs) come under an additional regulator, the Office of Financial Sanctions Implementation (OFSI)? OFSI has the power to impose significant penalties
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Join us at ArtLogic’s Connect ’24 Event
- November 14, 2024
- Posted by: FCS Compliance
- Category: Art Market, Blog
Our very own Rena Neville, Head of FCS Compliance Art Division will be an expert panelist at ArtLogic’s Connect ’24 Event, 19 – 21 November. ‘Connecting those who create, sell, and buy art to learn and grow together at the online conference for the art world.’ What to expect Join Connect 2024 to explore
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Is It Really HMRC Contacting You? How to Avoid Scammers
- October 23, 2024
- Posted by: FCS Compliance
- Category: Art Market, Blog
Written by Rena Neville, Head of Art Division, FCS Compliance Understanding HMRC Communication: A Guide for Businesses In today’s digital age, distinguishing between genuine communication from HMRC and potential scams is crucial. Whether it’s a call, text, or WhatsApp message, being certain of the source is essential for safeguarding your personal and business information. This
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Art Market Red Flags: Indictment of Russian TV Figures
- October 20, 2024
- Posted by: FCS Compliance
- Category: Art Market, Blog
Written by Rena Neville, Head of Art Division, FCS Compliance In a stark reminder of the importance of robust Anti-Money Laundering (AML) practices in the Art Market, US authorities have indicted Dimitri Simes, a prominent Russian state television personality, and his wife, Anastasia Simes, for violating sanctions and committing money laundering offences. The charges underscore
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Free Webinar for AMPs – AML Penalties and How to Avoid Them
- 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
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AMPs: Do You Accept Cash?
- July 9, 2024
- Posted by: FCS Compliance
- Category: Art Market, Blog
AMPs: Do You Accept Cash? …If so, should you register with HMRC as a High Value Dealer (HVD)? Not all cash payments create a duty to register with HMRC for supervision for anti-money laundering. However, any businesses or sole traders that make or receive cash payments of 10,000 euros (or equivalent in another currency) or
