AML Art

The art market poses unique challenges like tax evasion and fraud, distinct from traditional banking sectors. This online training delves into money laundering (ML), starting with a detailed examination of its characteristics and regulatory framework, defining and explaining the three-step process of money laundering: Placement, Layering, and Integration.

Covering traditional art forms such as Fine Art, Decorative Art, Antiquities, Collectibles, and modern categories like Digital Art, the course explores existing technology, web-based platforms, the metaverse, and AI-generated art.

Participants gain insights into the global AML legal landscape, focusing on directives like the Fifth EU Money Laundering Directive (5MLD), UK Money Laundering Regulations, sanctions, and the UK Bribery Act 2010, as well as proposed ML regulations in the US. It also examines unregulated markets in China, Hong Kong, Seoul, and Singapore, detailing their vulnerabilities.

Through case studies on tax evasion, fraud, and sanctions violations, participants acquire practical knowledge
for real-world scenarios.