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Getting started with due diligence in the art market
These are the four essential steps to ensure your art business meets due diligence requirements and stays compliant with regulations.
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If you’re raising invoices of €10,000 or more, compliance isn’t optional.
There are four key steps to establish your AML process:
1. Risk assessment - understand where your business is vulnerable.
2. AML policy - set out your compliance process clearly.
3. AML training - make sure your team knows their responsibilities.
4. Due diligence - understand the risks of customer and the source of funds.
In this video, we break it all down so you can get started with confidence.
If you have any questions or want help getting started, please get in touch.
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