Art Market Participants
-
The UK Strengthens Enforcement of Trade Sanctions: Art Market Update
- January 24, 2024
- Posted by: FCS Compliance
- Category: Art Market, Blog, News
No Comments
The UK Strengthens Enforcement of Trade SanctionsWritten by Rena Neville, Head of FCS Compliance – Art Division In early 2024, the UK is launching the Office of Trade Sanctions Implementation (OTSI) to combat anyone attempting to evade Russian trade sanctions. The aim is that the department will compliment the existing Office of Financial Sanctions Implementation
-
Are interior designers intermediaries and do they need to register as Art Market Participants?
- January 24, 2024
- Posted by: FCS Compliance
- Category: Art Market, Blog
Are interior designers intermediaries and do they need to register as Art Market Participants?Written by Rena Neville, Head of FCS Compliance – Art Division Should interior designers register as Art Market Participants (AMPs)?It’s a seemingly simple question but as is often the case with anti-money laundering legislation – it depends. I have outlined three typical
-
100s of AMPs tuned in to catch the live webinar
- January 18, 2024
- Posted by: FCS Compliance
- Category: Art Market, News, Promotion
100s of Art Market Participants (AMPs) joined in to catch the latest webinar from FCS Compliance – Art Division, on ‘Art & Antiques – AML in 2024 – What Changes to Expect to Money Laundering Regulations in the UK and US’. The UK portion of the event was presented by Rena Neville – Head of
-
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
-
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
-
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
-
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,
-
How important is it for AMPs to maintain appropriate AML records?
- April 25, 2023
- Posted by: FCS Compliance
- Category: Uncategorized
How important is it for Art Market Participants (AMPs) to maintain appropriate AML records? Written by Rena Neville, Lead AML Consultant, FCS Compliance, Art Division The short answer? It is very important to keep appropriate AML records, as failure to do so may be a crime. The following Q&A delves into this further: Is HMRC
-
AMPs: What are two persistent CDD Myths?
- April 25, 2023
- Posted by: FCS Compliance
- Category: Blog, News
AMPs: What are two persistent CDD Myths? Hint: They involve sellers and artists by Rena Neville, Lead AML Consultant, FCS Compliance, Art Division There are a number of myths swirling around the art market, that regularly resurface. Here are just two. Myth number one: Art market participants (AMPs) do not need to do customer due
-
Top 5 Most Frequently Asked Questions – Art Market
- February 1, 2023
- Posted by: FCS Compliance
- Category: Blog, News
By Rena Neville – Lead AML Consultant, FCS Compliance – Art Division Top 5 Most Frequently Asked Questions – Art Market Participants Anti-money laundering (AML) expert Rena Neville answers the top five most frequently asked questions put to FCS Compliance in 2022 for the art market: 1 Is an AMP obligated to comply with the
