Art Market
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NEW webinar with BIID: Anti-Money Laundering Compliance for Interior Designers
- January 5, 2024
- Posted by: FCS Compliance
- Category: Art Market, News, Promotion
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We are delighted to announce that Rena Neville, Head of FCS Art Division, will be presenting on a new webinar in partnership with the British Insitute of Interior Designers (BIID). The webinar will cover the topic of ‘Anti-Money Laundering Compliance for Interior Designers’ and is set to take place on 1 February 12pm – 1pm.
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Snoofa and FCS Compliance held an exclusive webinar for AMPs
- November 23, 2023
- Posted by: FCS Compliance
- Category: Art Market, News, Promotion
As you may know, HMRC are enthusiastically conducting interventions of Art Market Participants (AMPs), and many tuned in for Tuesday’s webinar (21.11.2023) on ‘Avoiding CDD Pitfalls: How to Decrease the Likelihood of HMRC Penalties’, held by Snoofa and FCS Compliance. Missed the webinar? Catch up here. This popular webinar covered many of the key questions
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AML Regulation of the Art Market: A Moving Target – Join us on 10 November
- October 26, 2023
- Posted by: FCS Compliance
- Category: Art Market, Promotion
AML Regulation of the Art Market: A Moving Target Learn Live with Rena Neville, a live interactive session through MBL. Join us on 10 November 2023, 3:00pm – 4:15pm Presented by AML specialist, Rena Neville, Head of FCS Compliance Art Division, this new virtual classroom seminar will highlight key rule changes in the last three years in
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AMPs: Is the Ultimate Beneficial Owner information on Companies House reliable?
- October 23, 2023
- Posted by: FCS Compliance
- Category: Art Market, News
Is the Ultimate Beneficial Owner information on Companies House reliable?Written by Rena Neville, Head of FCS Compliance – Art Division In answer to the question “Can we rely on Companies House to provide reliable information on Ultimate Beneficial Owners (UBOs)?”, I am afraid the answer is no. Indeed, the UK government has in the not-too-distant
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When is an Art Market Participant (AMP) relieved of conducting Customer Due Diligence?
- October 23, 2023
- Posted by: FCS Compliance
- Category: Art Market, News
When is an Art Market Participant (AMP) relieved of conducting Customer Due Diligence?Written by Rena Neville, Head of FCS Compliance – Art Division Some AMPs are still under the false impression that they must conduct Customer Due Diligence (CDD) on every party in every qualifying transaction. This, however, is not the case. There are some
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Are You Registered? The National Crime Agency Releases New SAR Portal
- October 23, 2023
- Posted by: FCS Compliance
- Category: Art Market, News, Property Market
Are You Registered? The National Crime Agency Releases New SAR Portal Written by Jen Siwicki BA (HONS) AICA Cert (KYC/CDD), Senior AML Consultant, FCS Compliance On 18 September 2023, the National Crime Agency (NCA) officially released a new SAR reporting portal for all reporting organisations. The reporting system is controlled by the UK Financial Intelligence
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Meet Helen Grindey – AML Consultant, FCS Compliance
- October 13, 2023
- Posted by: FCS Compliance
- Category: Art Market, Blog, Property Market
In this interview, FCS PR Director, Alison Blease introduces you to FCS AML Consultant, Helen Grindey – AICA Cert (KYC/CDD). Today I am joined by Helen Grindey, an AML Consultant with FCS Compliance. Hello! I believe next month is your two-year anniversary of working for FCS. Congratulations! But let’s start at the beginning. What did
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Art Market Participants (AMPs) tuned in to AML webinar to learn more about HMRC Interventions
- October 3, 2023
- Posted by: FCS Compliance
- Category: Art Market, News
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
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AMPs: What is ‘a linked transaction’? and Why should you care?
- July 14, 2023
- Posted by: FCS Compliance
- Category: Art Market, Blog
Two Common Questions: What is ‘a linked transaction’? and Why should you care?Written by Paula Trommel, Head Advisor for FCS Compliance – Art Division It is easier to answer the second question than the first… Why should an art market participant (AMP) care whether an art market transaction is linked? Because… failure to detect a
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AMPs: Economic Crime Levy
- July 14, 2023
- Posted by: FCS Compliance
- Category: Art Market, News
AMPs: Economic Crime LevyWritten by Rena Neville, Head of FCS Compliance – Art Division Many Art Market Participants (AMPs) have received notices from HMRC about the Economic Crime Levy, which was introduced as part of the Finance Act 2022. This is a levy on certain AMPs (those subject to the UK Money Laundering Regulations). Specifically,
