News

CONSTANTINE CANNON ART@LAW BLOG

Thus far, HMRC has shown patience towards the AMP registration process and AML Programme implementation. However, government audits have now begun for art market businesses and fines have already been issued.

In this article, Rena Neville and Paula Trommel offer valuable insights regarding HMRC art market audits: what to expect and how to best comply, whether it is registering and implementing from scratch, or renewing documents and training for early adopters.

https://www.artatlaw.com/honeymoon-over-for-art-market-and-hmrc/

19 April 2022

CONSTANTINE CANNON ART@LAW BLOG

“What is art?”… in light of international Anti-Money Laundering regulations. Read the article by Rena Neville and Paula Trommel to find out more about the different definitions that the UK, Germany and Italy provide for “Art” and how these differences affect MLRs and AMPs when building and implementing an AML Programme.

https://www.artatlaw.com/inconsistent-art-definition-in-national-aml/

7 March 2022

CONSTANTINE CANNON ART@LAW BLOG

One of the most common misunderstandings when building an AML Programme is that registering with a Tech AML Tool will fulfil all AML obligations.

In this article, Rena Neville and Paula Trommel explain in detail the importance of engaging with and implementing both Human AML Skills and Tech AML Tools when constructing a bulletproof AML Programme.

https://www.artatlaw.com/no-silver-bullet-to-aml-compliance/

23 February 2022

The US is set to begin regulating the antiquities market under their anti-money laundering regulatory schemes. Find out more in Paula Trommel’s article published in the Heritage Auctions Journal “Cracking Down on Money Laundering – from the US to the UK, governments are ramping up regulation of the art market”.
Read more on pages 20-21 https://www.ha.com/s/d/misc/trusts/12-2021/

January 10, 2022

“How the global art trade facilitates money laundering – and what can be done about it”. Learn more about how the opacity of the global art trade has hampered the work of governments internationally attempting to crack down on money laundering, during Nightlife’s Podcast featuring Rena Neville.
https://www.abc.net.au/radio/programs/nightlife/global-art-money-laundering/13700160

January 9, 2022