Item: Hrbek Law
Rating: 5
Author: Townes, Filmmaker.

Anti-Money Laundering (AML) — Safeguarding Your Concern

ArtAML Compliance Training & Support

As part of the regulatory regime in the UK (which is anticipated to be replicated in the upcoming US version), all art market participants ("AMP") are required to designate a senior executive at the business to serve as its Nominated Officer. The Nominated Officer is responsible for ensuring that the AMP is in full compliance with its reporting, record-keeping, customer due diligence/ know-your-client (KYC) obligations under the art anti-money laundering laws.

Under the applicable statute it the UK, an art market participant (AMP) required to comply with the anti-money laundering regulations includes gallery owners, art dealers, art consultants, and any other person who acts as an intermediary in the trade or purchase of works of art where the value of the transaction, or linked transactions, is 10,000 euros or more.

Hrbek Law attorneys can advise AMPs on their local compliance obligations in the UK or US, as well as provide training and support for Nominated Officers (UK) and Compliance Officers (US).

★★★★★

"Deborah is smart, pragmatic and forthright" Townes, Filmmaker.

"Deborah has the unique ability to present an 'ask' in a way that is undeniably clear and justified. She has fundamentally changed the way I approach my valuation in the industry by removing the 'cringe factor' from discussions around compensation. She brings a charming touch of grace to negotiations representing my company's value and supporting its reputation while simultaneously securing fair and equitable compensation. Don, TV Producer / Showrunner.

"Deborah made a confusing and painful process understandable and linear. We could not have asked for a better lawyer." Podcast Production Team.

"Deborah makes reviewing legal documents so easy. I know she always has my best interests at heart. It's a pleasure working with her." Melissa, Executive Director of artist not-for-profit organization.

"Deborah is simply amazing. She is a master at protecting her clients. She will protect you and always have your back. I am so lucky to have found her." Warren, TV Series Writer & Creator.

Submit a Law Firm Client Review