HMRC issued £3.2mn in money laundering penalties in June, with the property sector under close scrutiny.
But it’s not just brokers that need to be aware of the risks and regulations; many interior designers who deal with art works are also at risk of enabling dirty money.
FCS Compliance, which is owned by LonRes, is holding a FREE webinar for art market professionals to address this issue, share knowledge and experience, and answer questions posed by attendees.
Taking place online on 26th September from 5-6pm, the topic is “HMRC Interventions & Avoiding Penalties: Practical Guidance for the Art Market on Ensuring AML Compliance”.
It’s hosted by art market AML guru Rena Neville, who notes that “HMRC is focusing more and more on the art market.”Click here to find out more & book your free place