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“The art world has always acted as a field of desire, aspiration, and seduction. This is also because the art market itself creates and distributes goods that have more of symbolic rather than material value. Esteemed not only as an investment, but also as an intangible social statement, these goods are naturally challenging to trade. There are legal pitfalls at play that we can help you to navigate as your trusted compliance partner.”

“The art world has always acted as a field of desire, aspiration, and seduction. This is also because the art market itself creates and distributes goods that have more of symbolic rather than material value. Esteemed not only as an investment, but also as an intangible social statement, these goods are naturally challenging to trade. There are legal pitfalls at play that we can help you to navigate as your trusted compliance partner.”

Most recent topic

Since January 2020, the art market has been subject to the anti-money laundering legislation. As an art dealer you not only have to identify your customers, but also carry out a risk analysis, document it and report suspected cases. As an observer of the art market, our concern is not only that these new regulations could change the buying behavior of the collectors, but also that the structure of the entire trade system implodes, if gallery owners and auction houses will groan under heavy regulation.

Who is legeARTIS

Christian Tsambikakis

LinkedIn

Managing director

As a service provider for money laundering prevention, we work across many industries. It was therefore integral for us to find a partner with deep expertise in the art market and all its regulatory facets. We have found this partner in dtb rechtsanwälte.

Lena Olschewski

LinkedIn

Senior Compliance Manager

Our cooperation produces services that are bespoke to the needs of the art market and thus keeps our performance promise to clients and authorities.

Dr Pascal Decker

LinkedIn

Managing director

The solution of money laundering prevention for art dealers and galleries, lies not only in legal advice, but in standardised products. Together with KERBEROS, we are thrilled to be able offer such products that are specifically tailored to the art market.

“legeARTIS is a unique joint venture built to service the international art market. The specialized boutique law firm dtb rechtsanwälte and LegalTech company KERBEROS Compliance partner to provide the compliance platform to bridle the daily compliance challenges. You can concentrate on what you do best: Trading art. Whether it’s anti-money laundering, cultural property protection or data protection - we will make sure to find the right solution for you. Affordable, technological and effective.”

Our service portfolio

  • Risk analysis

    Complete inventory of company-specific risks surrounding money laundering and terrorist financing. In particular, this includes the identification and consideration of aspects related to customer, product, transaction and location risks.

  • Prevention of money laundering

    Elaboration of a directive on compliance and implementation of money laundering legislation within the company, based on the results of the risk analysis.

  • Employee training

    Ongoing employee training relating to the typologies and current methods of money laundering and terrorist financing, as well as the relevant data protection regulations. This includes both online and in-house training.

  • Employee reliability

    Development and implementation of personnel and appraisal systems to assess the reliability of employees. The applies both to the establishment of the employment relationship, as well as during it.

  • Whistleblower system

    Implementation of a whistleblower system to report abnormalities while maintaining confidentiality.

  • Money Laundering Officer

    Appoint a qualified and reliable money laundering officer and deputy.

  • KYC checks

    Identification of the customer in accordance with the provisions of the Money Laundering Act. In particular, the verification of whether a politically exposed person is involved, as well as the identification of the beneficial owner.

  • Notification system

    Reporting of suspicious cases to the competent authority Financial Intelligence Unit (FIU).

Quick Check

Do you possess an up-to-date risk analysis for your company?

Do you have internal policies, operating procedures and controls in place to ensure compliance with anti-money laundering legislation in your organisation?

Is your company already registered in the goAML portal (reporting portal of the Financial Intelligence Unit)?

Did you appoint an anti-money laundering officer as well as a deputy officer?

Are your employees regularly trained in money laundering typologies, current methods of money laundering and terrorist financing, as well as data protection regulations?

Do you identify your contractual partners and all persons acting on their behalf for transactions over 10.000 euros?

Do you check whether the contracting party is a politically exposed person (PEP), a family member or a person known to be associated with a PEP?

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Whether you need a personal consultation from one of our specialists or an automated process - we will make sure to find the right solution for you.

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Get in touch

Cologne

LinkedIn

legeARTIS
c/o Kerberos Compliance
Im Zollhafen 24
50678 Köln

Direction

Berlin

LinkedIn

legeARTIS
c/o dtb rechtsanwälte
Pergamon Palais
Am Kupfergraben 4
10117 Berlin

Direction