Art market participants

Mitigate money laundering risk in the art industry

Helping art market participants to comply with stringent AML requirements to prevent the risk of fraud and money laundering. 

AML for art market participants
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How NorthRow helps art market participants
Real-time verification​

Digital KYC verification

Lift the lid on bad actors that obscure the origins of their illegally obtained funds with robust KYC/AML technology.

Meet AML compliance regulations

Comply with AML regulation

Ensure your business remains compliant with the latest changes, including the EU’s 6th AMLD for the art industry.

Single platform for compliance

User-friendly platform that combines the latest AML technology with extensive global data points for identity and document verification.

Compliance consistency

Reduce manual effort with streamlined automated processes for KYC/KYB, UBO verification and ongoing monitoring.

KYC checks for art dealers
KYC, KYB and due diligence for ART MARKET PARTICIPANTS

Reduce damaging art industry fraud

With the art market attracting a significant amount of dirty money, regulators are looking for art participants to incorporate effective AML screening measures. Online art purchases contribute to many transactions that are unmonitored and involve several intermediaries.

Automated AML screening
KYC for ART MARKET PARTICIPANTS

Automated AML screening

Use automated workflows to match your AML screening and identity requirements. Remove the need for paper-based information when screening High Value Goods that carry a potential risk of money laundering.

AML COMPLIANCE for ART MARKET PARTICIPANTS

Ongoing monitoring

Maintain an up-to-date risk profile of every repeat buyer to make compliance easier. Flags are generated in real time, alerting you to any adverse changes in buyer circumstance. Data is screened against our extensive multi-jurisdictional PEPs, sanctions and adverse media lists, and registries.

Automate monitoring processes
Screening and enhanced due diligence
Due diligence for ART MARKET PARTICIPANTS

Screening and enhanced due diligence

Reduce your risk exposure and implement enhanced identity verification in high-risk cases. Using our WorkStation compliance platform, your business can uncover the ultimate beneficial ownership information of businesses, trusts and foundations.

"...there has been a positive change towards client onboarding. We have seen a significant improvement from a cost and time perspective. "

Deputy Money Laundering Officer

Knight Frank

Why NorthRow...

500k+ worldwide users

173 active countries

99.99% uptime

WorkStation was designed with compliance professionals in mind. We pride ourselves on always putting our users first and ensuring that our software works for compliance teams regardless of the size, volume or complexity of checks required.

As a single platform it delivers all your KYC, KYB and ongoing monitoring in an intuitive end-to-end solution. WorkStation verifies, screens, manages the results, monitors, and provides a record of all transactions for audit purposes.

KYC and KYB Screening

KYC and KYB screening

Facilitate the complexity of compliance and reduce risk when onboarding new clients by verifying their identity and screening against sanctions lists.

Case management solution

Case
management

Manage each individual and company with our simple case management solution, view results and set alerts where action is required to ensure due diligence.

Client identity verification

Simplify ID&V with an easy-to-use case system which allows you to organise, update, and store information securely, and in line with GDPR and data protection regulations.

AML compliance

Keep track of your clients’ risk status using our RAG system and be alerted to any relevant changes, ensuring you meet ongoing AML compliance.

Ongoing monitoring

Ongoing monitoring

Automated alerts notify companies and individuals of risk profile changes, so you can keep tabs on political exposure, sanctions or adverse media.

Remediation

Remediation

Improve efficiency with a risk-based approach to remediation and data collection processes minimising the administrative burden placed on your team.

Ready to get started?

Book your free demo of our comprehensive AML compliance solution for art market participants today.