Art Market: Anti-Money Laundering Directive (AMLD5) Free Training Programme

Free training programme for galleries, artists and other art market participants impacted by the new anti-money laundering regime. 

AMLD5 and the Art Market is an Arts Council supported programme of free training sessions and workshops, offering practical advice to support art market participants to understand, assess and respond to their obligations under the latest Anti-Money Laundering Directive (AMLD5).

Find out more here.

Developed and delivered by Creative United in partnership with London law firm, Kingsley Napley LLP, AMLD5 and the Art Market is a nation-wide training programme aimed at supporting galleries, artists and other ‘art market participants’ in meeting their obligations under AMLD5 before the upcoming 10 June 2021 deadline and beyond. 

What kind of support will be offered?

AMLD5 and the Art Market will offer a series of practical digital sessions, targeting the different needs of both art businesses, such as galleries, auction houses, dealers and others, and individual artists. Each session will be focussed on a specific area of compliance, such as due diligence, record keeping, and effective monitoring.

Register now: Overview Sessions

Join us for one of our overview sessions to find out more about AMLD5, how it might affect you, and what training is on offer to help you and your business. There are two options below, one for businesses, and one for artists.

Sign up now, places limited.

AMLD5 and the Art Market: Nominated Officer & Reporting suspicious activity 

This session will look at roles & responsibilities of a nominated officer and how suspicious activity is reported.

It will take place on 6 May 2021.

CLICK HERE TO REGISTER
 

AMLD5 and the Art Market: Policies, Controls and Procedures 

This session will look at the obligations placed on Art Market Participants to have in place adequate policies, controls and procedures.

It will take place on 12 May 2021.

CLICK HERE TO REGISTER
 

AMLD5 and the Art Market: Fundraising and Donations 

This session will focus on how AMLD5 operates when an AMP receives donations or money from fundraising.

It will take place on 18 May 2021.

CLICK HERE TO REGISTER
 

What is AMLD5? 

AMLD5 extends the current anti-money laundering legal framework to cover business activity taking place within the art market. The directive now concerns art market participants (AMPs) involved in selling work directly to clients through single or linked transactions with the sale of goods in excess of €10,000 (c.£8.5k) to conduct due diligence, monitoring, and enhanced record keeping. 

Although AMLD5 came into law in the UK over a year ago, the deadline for registering with HMRC as an AMP was extended to 10 June 2021 to take account of the disruption being faced by the industry as a result of the Covid-19 pandemic. With the new deadline now just 3 months away, it is clear that large numbers of organisations whose business activities will be caught by the legislation have yet to fully understand or implement the systems and processes that will be necessary to ensure compliance and minimise the risks associated with selling high value works of art.

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