AMPs
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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
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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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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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Art Market News: HMRC’s latest fine list totals £3.2m
- July 14, 2023
- Posted by: FCS Compliance
- Category: Art Market, News
Art Market News: HMRC’s Latest Fine List Totals £3.2mWritten by Rena Neville, Head of FCS Compliance – Art Division HMRC recently released a list of 240 of their supervised businesses that suffered fines totalling £3.2m for breaching the UK Money Laundering Regulations. The penalties were assessed between 1 July and 31 December 2022. In addition
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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
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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
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HMRC Interventions: An Ounce of Prevention, is Worth a Pound of Cure
- February 1, 2023
- Posted by: FCS Compliance
- Category: Blog, News
By Rena Neville – Lead AML Consultants, FCS Compliance Art Division HMRC Interventions: An Ounce of Prevention, is Worth a Pound of Cure Queries are on the rise from Art Market Practitioners (AMPs) to the FCS Compliance Art Division hotline regarding how to respond to Intervention notices received from HMRC. As part of HMRC’s supervisory
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Ask The Expert: UK Art Market – BAMF Updates AML Guidance
- July 12, 2022
- Posted by: FCS Compliance
- Category: Blog, News
Ask The Expert: UK Art Market - BAMF Updates AML Guidance (approved by Her Majesty’s Treasury)Rena Neville – Lead AML Consultant, FCS Compliance Art DivisionPaula Trommel – Senior AML Consultant, FCS Compliance Art Division UK Art Market - BAMF Updates AML Guidance (approved by Her Majesty’s Treasury) On 30 June 2022, the British Art Market -
‘HMRC INTERVENTIONS AND SANCTIONS’ WEBINAR FOR THE ART MARKET – WATCH AGAIN
- June 28, 2022
- Posted by: FCS Compliance
- Category: News
On Monday 27 June, leading experts from the newly formed Art Division at FCS Compliance held an important webinar for regulated art businesses to share practical advice on what to expect from an HMRC audit and how to prepare. Missed the webinar? Watch it back now…
