Document Destruction: Money Laundering Regulations vs GDPR
Free Webinar, Tuesday 8th July, Online
Under UK Money Laundering (ML) Regulations, Art Market Participants (AMPs) are typically only able to keep identity documents and other important information for a maximum of five years before they have to be destroyed. If these documents are not destroyed on time, you could face a fine from HMRC. For those transactions that are five years old or more, AMPs must now consider when to follow GDPR or UK ML Regulations on which data to keep and what to remove or destroy.
To help you guide you, FCS Art Division have teamed up with leading law firm, Fieldfisher LLP, for an essential, free webinar on the subject.
Join us at 12 pm (GMT) on Tuesday, 8 July, with host Rena Neville, Head of FCS Art Division, and special guests Kirsten Whitfield and Kristina Holm, from Fieldfisher's data protection department.
Your host, Rena Neville, and guest panellists will talk you through:
What documents you need to destroy
Some preferred methods of destruction
When might I be able to keep the information longer than five years?
What are the consequences of non-compliance?
FCS Compliance (FCS) is an established specialist in the provision of AML compliance
Rena Neville, Head of FCS Compliance Art Division