FWN, in collaboration with Huxley/SThree, invites you to our latest panel discussion and networking event. Chaired by Toni Sless, we have three excellent speakers:
Aisling Twomey Senior Financial Crime Manager, Monzo Bank, currently undertaking a PhD in AML and the art market
Rena Neville Corinth Consulting Ltd, an art market AML specialist, with a unique combination of art world and international legal experience, including a 30-year career at Sotheby’s
Riah Pryor art journalist, consultant and author of Crime in the Art Market
Did you know art market businesses are now regulated under the Money Laundering Regulations? It's important to understand how the market works, as well as the challenges of regulation in a new space.
Our panel of experts will each give their own perspectives about financial crime in the art market. Case studies will include the 1Malaysia Development Berhad (1MDB) scandal, an ongoing corruption, bribery and money laundering conspiracy. The scandal's global scope implicated institutions and individuals in politics, banking, and entertainment, and led to criminal investigations in a number of nations and has been described as "one of the world's greatest financial scandals" and declared by the United States Department of Justice as the "largest kleptocracy case to date" in 2016. Hear also about the recent imprisonment of a UK art dealer for selling art to a terrorist financer. Find out about the challenges art businesses are facing in regulation, learn more about the finer workings of a high-risk industry and how to spot the risks in your customer book.
Members are invited to bring a guest to this event. Guests will need to be registered at the same time as you register - please add their details.
Agenda:
17:30hrs to 18:15hrs - registration and welcome drinks
18:15hrs to 19:15hrs - panel discussion with Q&A
19:15 hrs to 20:30hrs - networking reception sponsored by
Speaker Bios:
Aisling Twomey: Aisling has worked in Financial Crime for over ten years. In that time, she has completed a lot of KYC on customers in corporate, investment, business and retail banks across multiple products from capital markets and prepaid cards. For the past five years, she has designed controls including customer risk assessments, transaction monitoring rules and CDD processes for some of Britain’s biggest banks and building societies. She has a lot of experience delivering change programmes stemming from regulatory engagement.
Aisling holds two law degrees and before changing career to work in financial crime, she worked in aviation security and for a series of human rights charities. She has delivered human rights education for the Council of Europe in Ireland, Azerbaijan and Hungary.
Rena Neville: Rena benefits from a unique combination of art world and international legal and business experience, built on a 30-year career at Sotheby’s. She has been exclusively devoted to providing art market AML assistance for the last two years through her company Corinth Consulting, and as head of the Art Division of FCS Compliance, both UK companies. At Sotheby’s, Rena was the first Global Compliance Director, as well as serving other roles there such as European General Counsel and Global Head of Litigation. Prior to Sotheby’s, she was an associate at the law firm Sullivan & Cromwell.
Some of her more recent activity includes joining a discussion hosted by the Financial Action Task Force discussing FATF’s inaugural report on art and antiquities, as well as participating in a panel entitled ‘Preventing and Remedying Wrongdoings in the Art Market: Which Legal Tools?‘, hosted by the International Scientific and Professional Advisory Council on the United Nations Crime and Prevention and Criminal Justice Programme. She often writes and comments on money laundering regulations and the art market.
Riah Pryor: Riah is a journalist and author with specific focus on the intersection of art and law. Her expertise is underpinned by hands-on experience at New Scotland Yard’s Art and Antiques Unit, where she gained unique insights into the complexities of art crime and market regulation. She previously served as Art Market Assistant Editor at The Art Newspaper and continues to write for multiple publications, including the Financial Times. Riah is the author of Crime and the Art Market (Lund Humphries) and also the founder of Sourced Thought, a consultancy dedicated to supporting both private and not-for-profit cultural organisations with strategy, content development, and business planning.
