So you’re asking for ID and Screening clients but are you carrying out Customer Due Diligence?
The Anti-Money Laundering regulations as it pertains to Art Market Participants requires a compliance process of real substance as well as introducing new challenges in respect of security and storage.
While asking for ID and Screening are part of your obligations under the AML regulations, all Art Market Participants have record-keeping and reporting obligations to satisfy as well as GDPR.
Your Reporting and Record-Keeping obligations require you to maintain appropriate systems, maintain Customer Due Diligence reports, write client risk assessments and store sensitive client information for 5 years.
Join us on Friday 14th May at 4pm BST, 11am EDT to learn how you can undertake Customer Due Diligence in a safe and practical way that’s simple for you and your clients.