Compliance for art & luxury businesses
High risk customer screening
Fraud risk monitoring
Compliance and ethics programmes
Systems and controls
Root cause analysis
Testing and monitoring
Individualised and group training
Policy and procedure reviews
Testing of systems and controls
ABOUT RAKHI TALWAR
I am a Brighton based lawyer and independent compliance consultant who thrives on helping businesses succeed at ‘doing the right thing’. I am passionate about developing compliance programmes to the perfect point where compliance not only protects business, but also enhances reputation and attracts commercial opportunity.
Art dealers have been asking me whether it is okay to accept cryptocurrencies such as bitcoin as payment for art sales. Everyone knows it is nigh on impossible to trace bitcoin to an owner and this is understood to be the position for most cryptocurrencies. It is this feature of ‘pseudonymity’ which makes crypto money…
MLROs of newly regulated art businesses are rightly worrying about the personal risks they face if they fail to ensure compliance with anti-money laundering regulations. They often ask what they can do to protect themselves if things go wrong. I asked Steven Francis, a Partner at Addleshaw Goddard who advises businesses on ongoing or anticipated…
My most animated discussions with clients centre around AML compliance transgressions. Here are my insights on the three questions that art dealers ask most frequently. Where are we most at risk of tripping up?The most obvious risk comes from basic compliance failures such as not having a written risk assessment, policies and procedures, poor customer…
For further information and advice on how to prepare for the new legislation, please get in touch.