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Anti-Money Laundering (AML) Update for Interior Designers

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Practical guidance on your legal obligations and how to avoid HMRC penalties, a must-attend webinar for interior designers navigating complex AML rules and risks.

ABOUT

A growing number of interior designers are discovering that they fall under the definition of ‘Art Market Participants’ and are therefore subject to the UK’s Money Laundering Regulations. As awareness rises, so does concern, particularly around compliance and the risk of receiving penalties from HMRC.

Penalties now range from minor breaches (such as failing to register) to severe sanctions for inadequate AML program implementation.

As of May 2025, the art market has come under the authority of a new regulator: The Office of Financial Sanctions Implementation (OFSI). This change introduces new obligations, including mandatory reporting of sanctions breaches.

With more legislative changes expected, this complimentary BIID webinar, led by FCS Compliance—will provide members with timely updates, practical guidance, and an understanding of what today’s HMRC inspections and penalties actually involve.

WHAT TO EXPECT

This webinar will cover:

  • How to determine if you are subject to UK Money Laundering Regulations and OFSI reporting obligations
  • Key steps to achieve compliance with HMRC and OFSI
  • Top AML vulnerabilities for Art Market Participants and Interior Designers
  • An overview of HMRC penalties and how they are calculated


WHAT YOU WILL LEAVE WITH

  • Clear understanding of whether you must register with HMRC or comply with OFSI reporting obligations (including cost and timing)
  • Knowledge of the key risks for Art Market Participants—and how to avoid exploitation by money launderers or sanctioned individuals
  • The essential steps needed to prevent penalties for poor AML compliance
  • A summary of the most recent HMRC enforcement actions


WHO SHOULD ATTEND

This event is exclusively for BIID members and is especially relevant for professionals unsure about their legal obligations or concerned about inspection or penalty risks.

SPEAKER DETAILS

Rena Neville

Rena Neville, Head of FCS Compliance, Art Division, FCS Compliance

Rena is a qualified lawyer and art market AML specialist. She enjoyed a 30-year career at Sotheby's becoming their first Global Compliance Director, having previously served as their European General Counsel and Global Head of Litigation. She benefits from a unique combination of art world and international legal experience. Leading the FCS Compliance Art Division, Rena assists many Art Market Practitioners providing them with the practical information and tools they need to ensure they and their firms are meeting the legal AML compliance obligations.

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Additional Information

After registering for this event on Eventbrite, you will receive a reminder email containing the event link before it begins.

Registered guests will receive a recording of the webinar post event.

Attendance to this event equals 1 hour of Structured CPD.

If this event is fully booked, please join the waiting list. If you are no longer able to attend, please inform the office so that we can give your spot to someone else.

This is a BIID designer member exclusive event. 

If you have any queries, please email the office at info@biid.org.uk or call 020 7628 0255.

By booking a ticket to this event you are agreeing to the BIID Event Terms and Conditions

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