Tag Archives: AML5

The Art of Money Laundering

Tobias Bumm/ July 26, 2020/ Uncategorized

The art market is confronted with a new law, which comes with additional requirements. The 5th EU money laundering directive has been converted into national law on January 10. Now, art dealers and art brokers are obliged to identify clients and to assess risks. Affected are transactions with a value of 10,000 euros or more – not only the cash business, but all other transactions.

International Compliance – Obligation or Opportunity?

Matthias Dennig/ March 21, 2019/ Uncategorized

International Compliance In many countries the number of compliance laws and regulations has multiplied over the last decade. This has led to major discussions and a rapid development of the compliance sector. The pressure is high, but it goes without saying, that all national laws and guidelines must be complied with. For international business, things get even more complicated. While

Read More