Corinth Consulting
AML Compliance Programs
As more and more European countries implement the 5th EU Anti-Money Laundering Directive and regulate the art market, one key question, inherent to the regulation, poses a serious challenge when working cross-border, “What is Art”? Find out more about how countries are dealing with the different interpretations of art, specifically the UK and Italy.
L’arte è un rischio, ma che cos’è «arte»? (ilgiornaledellarte.com)
August 18, 2021
Corinth Consulting was mentioned in this article featuring client Harriet Clapham Art Advisory, specifically on the duty for art advisor’s to understand clients’ source of funds, just one of the trickier aspect of the UK AML regime.
July 31, 2021
Thank you to Ivan Macquisten for the Corinth Consulting shout out in his article in Artnet News Pro on the art market’s vulnerability to Cybercrime and the importance of having a strong compliance culture.
https://news.artnet.com/news-pro/art-businesses-cybercrime-experts-1972719
May 25, 2021
The title of this article by Rena Neville says it all: Whatever the art trade may think, as far as the UK Government is concerned, the art market is “high risk” for money laundering.
http://www.theartnewspaper.com/comment/art-dealer-vs-solicitor-money-laundering-law-alters-the-relationship
March 26, 2021
Naomi Rea features Rena Neville, in her article UK Art Dealers Are Misusing the Law to Avoid New Money-Laundering Regulations. Compliance Experts Say It Will Backfire.
https://news.artnet.com/art-world/uk-aml-reliance-1950213
March 9, 2021