Being up-to-speed and fully AML compliant is imperative. One of the legal requirements of art market participants includes the submission of Suspicious Activity Reports (SARs) to the National Crime Agency (NCA) if an AMP  knows or suspects money laundering.  Turning a blind eye can mean breaching AML regulations and facing serious penalties.
 
To help you understand your legal obligations and minimise your exposure to risk, we have teamed up with the National Crime Agency (NCA) for an important AML webinar. Join us at 12pm (GMT) on Monday 7 April, when the NCA's Senior Officer, Beth Dale, will explain why filing a SAR is not optional, but required.  You will also learn about the criminal exposure to Art Market Participants for failing to act. Ms Dale will also cover when a SAR may be a good idea (but not necessarily required), and share tips on how to file a ‘good’ SAR. 

What you will learn:

• When you must file a Suspicious Activity Report (SAR)
• What the penalties are for failing to file a SAR
• The difference between a Defence Against Money Laundering SAR and a SAR for informational purposes
• What to do if you become suspicious after a transaction is completed
• What a good, successful SAR should contain