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Compliance Changes Coming to the Art World

Compliance Changes Coming to the Art World and Antiquities Dealers Due to the Recent Overhaul of the Bank Secrecy Act
Thursday, April 8, 2021 | 5:00 pm - 6:30 pm

Program Fee:

$119 for Members | $219 for Nonmembers
Small Law Firm: $69 for Members
Members who are Law Students, Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2019-2021), In-House/Corporate Counsel, Judges, and attorney members who practice within the Government, Academic or Not-for-Profit sectors attend this program for free.

CLE Credit:
New York: 1.5 Professional Practice
New Jersey: 1.7 General
California: 1.5 General
Pennsylvania: 1.0 General
Connecticut: Available to Licensed Attorneys

This program provides transitional/non-transitional credit to all attorneys

The recent amendments to the Bank Secrecy Act, which governs anti-money laundering regulations, will have a major impact on the art world and antiquities dealers.  The National Defense Authorization Act of 2021 extended the reach of the BSA to those “engaged in the trade of antiquities, including an advisor, consultant , of any other person who engages as a business in the solicitation or the sale of antiquities.”  A study is to be conducted over the next year to determine whether this should be applied to all of the art world, which is likely to happen as has already been done in Europe. Further, last year Congress investigated the application of sanctions in the art world, another area that now will require additional compliance oversight. As a result of all of these changes, art and antiquities dealers will have to review their current compliance programs, if they have them, or create compliance regimes so as not to run afoul of these new requirements. Those working at art and antique dealers and auction houses will need to know about the upcoming changes, as well as the law firms representing them, both large and small.

Click Here to View Program Agenda & Faculty

Program Chair:
Annemarie McAvoy,
CEO of Clovis Quantum Solutions LLC

Sponsoring Association Committees:
Art Law, Diana Wierbicki, Chair
Compliance, Patrick T. Campbell, Chair  
Small Law Firm, Anne Wolfson, Chair

Co-Sponsored By:

Small Law Firm Center

Online Event

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