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.
How NorthRow helps art market participants
KYC, KYB and due diligence for ART MARKET PARTICIPANTS
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.
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
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.
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
500k+ worldwide users
173 active countries
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.