PRACTICAL AML COMPLIANCE FOR AUCTIONEERS

It is a legal requirement for all relevant employees to receive anti-money laundering training and to stay up-to-date with the current regulations.Our experts at FCS Compliance offer comprehensive CPD-certified training for all levels of staff to support compliance with Regulation 24 of the Money Laundering Regulations 2017. These can be conducted both remotely and onsite.We are established compliance trainers with extensive knowledge of primary and secondary legislation and are chosen as partners by UK-wide industry associations, such as NAEA Propertymark, to help raise standards and minimise the risk of criminal activity within regulated businesses.

FCS Compliance

A concentrated hour of expert guidance & practical information to help auctioneers ensure AML compliance before the government deadline.

Despite being brought under the scope of the Money Laundering Regulations in January last year, many auction houses remain insufficiently protected and under-prepared for the fast-approaching AML registration deadline of 10 June. With just a few months remaining, join the art industry experts as they come together in this live webinar to help auctioneers get clarity on their legal obligations and practical advice on ensuring their firms are ready.<h3>Key event details</h3>Time: 5pm to 6pmDate: Monday 1 March 2021Registration: Free to attendThe expert speaker line-up includes:

<ul><li>Pandora Mather-Lees (Event Moderator) - Director, Pandora Art Services and Art Consultant, ArtOnSuperyachts.com</li></ul><ul><li>Tom Christopherson, Art Law Consultant</li></ul><ul><li>Jerry Walters MICA Dip. AML/CTF, Managing Director, FCS Compliance</li></ul><ul><li>Caroline Watson, Data Privacy Consultant, iCompli</li></ul><ul><li>Sarah Buchanan, Director, Snoofa and Founder, Amati Auctions</li></ul>Conducted via Zoom, attendees will have the opportunity to raise concerns and direct questions to the experts in a dedicated Q&amp;A session.The event is free to attend and has been organised by <a href="https://snoofa.com/" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">Snoofa</a>, a specialist auctioneering software firm, and partner <a href="https://fcscompliance.co.uk/" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">FCS Compliance</a>, a UK leader in AML service provision.<blockquote></blockquote><blockquote> “The spotlight has fallen on the art sector and auctioneers can no longer afford to push compliance down the priority list - the time to act is now. This webinar will focus on getting to the nuts and bolts of the matter and help attendees formulate a clear action plan for AML compliance by the government deadline.” </blockquote><blockquote>Sarah Buchanan, Director at Snoofa and founder of Amati Auctions</blockquote><blockquote></blockquote><blockquote>“Firms should be under no illusion about the potential consequences of compliance failure – not just the significant fines but also the reputational damage caused to a business. Quite understandably, the pandemic has forced many firms off-track when it comes to preparing themselves for AML scrutiny, however criminal activity remains ever-present in the industry and, as we have seen in other regulated sectors, whatever the business climate, HMRC will not refrain from taking action against non-compliant firms, large or small.” </blockquote><blockquote>Jerry Walters, Managing Director of FCS Compliance</blockquote>

Pandora Mather-Lees is director of Pandora Art Services and education company. Pandora consults and trains the superyacht industry on the risks handling high value art collections on board, and also anyone working for art collectors looking after a portfolio.An Art Historian and Fellow of the Royal Society of Arts, Pandora’s career includes over 20 years at Board level in the cultural sector, focusing on business strategy, marketing and development. She was previously Managing Director of Bridgeman Images and VP Sales at artnet. Pandora holds a first-class degree in the History of Art from Manchester University and an MSt. in Ancient History from Keble College, Oxford. She is a member of the Association of Art Historians and a liveryman in The Worshipful Company of Arts Scholars.

Tom Christopherson is a solicitor and consultant for Bonhams and recently for Constantine Cannon LLP, and previously European General Counsel at Sotheby’s with responsibility for the group’s legal issues across Europe and Asia. Tom is a consultant lecturer at the Sotheby’s Institute of Art and a member on the Executive Committees of the British Art Market Federation and the Society of Fine Art Auctioneers and Valuers, a member of PAIAM (Professional Advisors to the International Art Market), a Past Master and current trustee for The Worshipful Company of Arts Scholars, Chairman of the Treasures Committee of the Worshipful Company of Tylers and Bricklayers, and a trustee of the Rolls Building Art and Education Trust.

Founder of <a href="https://fcscompliance.co.uk/" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">FCS Compliance</a>, a leading provider of Anti-Money Laundering services, Jerry has over 25 years of experience within financial crime in law enforcement and the private sector. He has investigated and lead the prosecution of countless serious and complex fraud and money laundering cases, and his expertise as a specialist AML trainer and practitioner is well-recognised by leading organisations and industry associations across the UK. Jerry is a member of the International Compliance Association (ICA) holding an Advanced International Diploma in Anti-Money Laundering and Counter Terrorist Financing.

As a Certified Information Privacy Professional Caroline provides pragmatic business solutions for her clients which enable them to achieve compliance with privacy regulations.Her wide-reaching auction experience spans the fine art and commercial auctioneering sectors. She has worked internationally with Europe, USA and Middle East balancing the statutory and regulatory requirements of high value asset traders with data protection legislation.She works closely with clients to manage risk when introducing KYC requirements to fulfil anti-money laundering regulations. Designing privacy first solutions to allow secure collection of identification documents. Caroline holds a Masters in Arts Market Appraisal (Professional Practice) from Kingston University. She is a qualified marketer, IDM Dip DigM practitioner and a member of the International Association of Privacy Professionals.

Sarah started her auctioneering career at Christie’s in 2003, where she was PA to the Chairman and Director of Valuations. After Christie’s, Sarah worked for the Goldsmith family before setting up and running Amati Auctions from 2013.Amati Auctions is a specialist musical instrument auction house selling more instruments by volume than any other auctioneers globally.This rapid growth was achieved by investing in and using sophisticated auctioneering software. It seemed an obvious decision in 2018 to expand <a href="https://snoofa.com/" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">Snoofa’s</a> capabilities to enable all auctioneers of any shape or size to benefit.Significant investment over the years means Snoofa is in a position to help auctioneers with timed and live bidding, white label live streaming and why you are reading this - an integrated AML solution!

FCS ComplianceFCS is a leading provider of Anti-Money Laundering (AML) services in the UK. Working across regulated sectors, including art, property and legal, the specialist team come from a background of law enforcement and finance. The company was acquired by LonRes in 2019 and is an Approved Service Provider by LAPADA. <a href="https://fcscompliance.co.uk/" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">More</a>

SnoofaSnoofa is specialist auctioneering software. Powerful enough to be used by some of the biggest auction houses in the UK, but agile enough to adjust to increasing compliance requirements. Unique functionality complements standard auctioneering elements, enabling auction house to offer a complete range of customer services to their vendors and buyers.<a href="https://snoofa.com/" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">More</a>

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PRACTICAL AML COMPLIANCE FOR AUCTIONEERS

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