With European and US roots, Corinth delivers anti-money laundering solutions tailored to the needs and risks of each client. https://nitter.cf/t.co/P3FlBfjqj8
London
Joined September 2021
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In spite of initial enthusiastic bi-partisan support, the ENABLERs Act, that was designed to close money laundering loopholes, has been momentarily blocked by the Senate.
See the link below to learn more about the decision of the US Senate.
icij.org/investigations/pand…
Join @RJMNeville, @ART_ALB, Steven Schindler and Andrea Al-Attar for a webinar on 20 September 13h BST entitled "Art in a time of war: The sanctions landscape" hosted by Art, Cultural Institutions & Heritage Law Committee of the @IBAnews
ibanet.org/conference-detail…
#artlaw #sanctions
We invite you to listen to the latest #ArtLawPodcast featuring deputy-director Paula Trommel analysing the impact on the art market of the sanctions and trade ban of luxury goods.
#artlaw #sanctions #amlcompliance #artmarket #AML #antimoneylaundering
artlawpodcast.com/2022/07/15…
CorinthConsulting retweeted
27.06.22 @ 5pm our experts will be giving art businesses practical guidance on what's needed to meet the expectations of the AML regulator, register for free:bit.ly/3Ohy2wg
#artmarket #artgalleries #artdealers #auctioneers #artadvisors #interiordesigners #moneylaundering
CorinthConsulting retweeted
If you work across the #ArtMarket & are required to be #AMLcompliant, then this webinar is for you. Learn more & book your FREE place (27.06.22): eventbrite.co.uk/e/hmrc-inte…
Our Art Division experts will share practical advice on what to expect from an #HMRC audit & how to prepare.
Please join us for a webinar about the impact of Sanctions and HMRC Interventions on the art market, hosted by @fcs_compliance.
Date: Monday June 27 &
Time: 12:00 EST / 5:00 UK time
HMRCInterventionsandSanction…
#AML #Sanctions #HMRC #artmarket #art
CorinthConsulting retweeted
#AntiMoneyLaundering #NewLaunch #ArtDivision
We're delighted to announce our new Art Division, with Rena and Paula of @CorinthConsult. Whatever your AML requirements, the FCS Compliance Art Division team can help you! Learn more: fcscompliance.co.uk/2022/06/…
24th May | We are delighted to share our deputy-director Paula Trommel's most recent publication for the Italian newspaper @artribune "Guerra in Ucraina e sanzioni. Gli effetti sul mercato dell’arte" artribune.com/professioni-e-…
#sanctions #Russia #AML #Ukraine #ML #compliance #art
Russia’s invasion of the #Ukraine seems to have exposed the depth and breadth of the 'London Laundromat'. The @FT film explains how in two decades, London may have become the #dirtymoney capital of the world #AML #Russia #moneylaundering #London #sanctions ft.com/video/d3bafb94-9dbd-4…
Is US regulation of the art market back on the table, to close ML loopholes? @USTreasury announces a review of its approach to the art and antiquities markets.
#artmarket #AML #ML #antimoneylaundering #art #compliance #antiquities #AMLcompliance #US
home.treasury.gov/news/press…
04 May | @GOVUK announces Russian sanctions to include a “ban on services”. Does this mean AMPs may not sell for Russian collectors? We must wait for the regulations.
Meanwhile 63 more individuals were added to the #sanctions list.
#tradeban #artmarket #art #compliance
CorinthConsulting retweeted
Are countries successfully tackling money laundering & terrorist financing? A new FATF report gives a comprehensive overview of global efforts to tackle these issues. The report outlines what is going well and where countries need to improve.
See more ➡️ bit.ly/3uQBkQ9
CorinthConsulting retweeted
Shit's getting real.
Seriously, UK art sellers, time to do the right thing.
As @RJMNeville says, it's easier than you think.
@artmoney_global solves this.
Thx @CorinthConsult for sharing this warning.
artatlaw.com/honeymoon-over-…
The Honeymoon is Over for @HMRCgovuk and the #artmarket. HMRC has started audits of the UK art market. Find here our insights on what to expect and how to prepare for an audit: from registering to implementing or updating an AML Programme #art #audits #AML artatlaw.com/honeymoon-over-…
Is “wash trading” a #ML risk for the art market NFT space? This author argues yes and suggests the use of the more established cryptocurrencies to help avoid falling prey #NFTs #moneylaundering #artmarket #art #AML #washtrading #crypto cointelegraph.com/explained/… via @cointelegraph
13th April | The UK announces further 206 sanctioned individuals. The sanctions list now contains over 1,400 individuals and businesses, making KYC and CDD indispensable #sanctions #Ukraine #Russia #KYC #CDD #compliance
gov.uk/government/news/uk-sa…
Works of #art are expected to be among the luxury goods banned from being exported to #Russia, following the announcement by the #UK and #EU on 15th March. Yesterday, Finland seized €42m of art en route to Russia #exportban #artmarket #tradeban #sanctions theartnewspaper.com/2022/04/…
The new @ArtBasel Art Market Report reports NFT sales of $6.2B in 2022 on Etherium, Flow & Ronin. But absent #AML regulation, we wonder: how reliable is this number and how vulnerable are the sales to #moneylaundering risks?
#artmarket #ML #art #compliance
artbasel.com/about/initiativ…
"What is art?"... This age-old question is answered differently by nearly every country in their art market #ML regulations. See a sampling in our post in #ConstantineCannonLLP ’s Art@Law Blog
artatlaw.com/inconsistent-ar…
#AML #compliance #artmarket #artdefinition #moneylaundering
CorinthConsulting retweeted
The United Arab Emirates has entered the FATF’s Jurisdictions under Increased Monitoring list, often referred to as the 'grey list', following the conclusion of the FATF Plenary. See the full update here➡️bit.ly/3pFu0DU #FollowTheMoney
