Join us for an essential webinar exploring anti-money laundering compliance in the global art market, featuring insights from Noor Kadhim, Founder and Managing Director of Kadhims.

The art market has long been considered vulnerable to money laundering and sanctions evasion, yet it’s only recently come under serious regulatory scrutiny. This webinar will examine the unique characteristics that create heightened AML risks in the art ecosystem and provide practical guidance for dealers, galleries, auction houses, and legal professionals navigating this evolving compliance landscape.

What We’ll Cover:

Understanding the Risks: Explore why the art market is particularly vulnerable to financial crime, including the lack of UBO transparency, subjective pricing mechanisms, fragmented cross-border transactions, and the challenges posed by freeports and storage facilities.

Balancing Privacy with Compliance: Learn how art market participants can reconcile long-standing norms of client confidentiality with increasingly stringent KYC, beneficial ownership, and source-of-funds requirements. Discover innovative solutions including fiduciary gatekeeper models, compliance intermediaries, and emerging technologies like blockchain and zero-knowledge proofs.

Managing Cross-Border Complexity: Navigate the AML challenges of multi-jurisdictional transactions, inconsistent regulatory frameworks, and the risks of regulatory arbitrage. Understand contractual protections and best practices for establishing global compliance baselines.

Identifying Red Flags: Recognize valuation and provenance warning signs that should trigger enhanced due diligence, from unexplained price discrepancies to unusual payment structures and gaps in documentation.

The Enforcement Reality: Dispel the myth that AML compliance remains theoretical in the art sector. Examine recent enforcement actions in the UK, US, and EU, including asset seizures, public censures, and criminal penalties that signal the end of the “grace period” for art businesses.

Preparing for the Future: Understand what art businesses and their legal advisors should be doing now to prepare for increased regulatory scrutiny, mandatory data sharing, and continued alignment of international AML standards.

This webinar is essential for galleries, dealers, auction houses, art advisors, compliance professionals, and lawyers working in the art market who need to understand their obligations and protect their businesses in an increasingly regulated environment.

Speaker

Noor Kadhim | Solicitor Advocate | Arbitrator and Floating General Counsel | Third Party Funding Advisor