Committed to helping businesses with AML compliance
We are here every step of the way to guide you through the process of AML due diligence
The 5th Anti-Money Laundering Directive passed in to UK law in January 2020 and compliance is now a compulsory part of the art market.
Failure to make that effort can constitute a criminal offence, however it also an opportunity to safeguard transactions and boost confidence among your clients; protecting your business from risk and improving the general image of the market.
We started ArtAML to provide a simple and complete solution for the art market, designed with our customers in mind.
Our journey to launching ArtAML
In September 2018, our CEO Susan J Mumford — an art world veteran — learned at the Art Business Conference (London) that Anti-Money Laundering legislation would be hitting the art market in less than 18 months. She simultaneously felt concerned for the art market and sympathethic for governments trying to prevent the industry being a target of criminal activity. In a matter of days, she and her Co-Founder / CTO Dr. Chris King, a technologist, were working on a solution that started being used by Art Market Participants in summer 2020.
After developing a mobile application protype in the first half of 2019, our Co-Founders took part in HM Treasury’s Consultation on the ‘Transposition of the Fifth Money Laundering Directive’ in June 2019. ArtAML’s official response to the consultation can be seen here. This was followed by a meeting with HM Revenue & Customs in autumn 2019, as Supervisory Body for Art Market Participants under the Money Laundering Regulations (UK). Susan and Chris continue to meet HMRC on a regular basis and discuss numerous issues around the topic of art.
The platform has been built to make future releases swift to implement, with the entirety of the solution ready to integrate with other technology solutions, such as transactional marketplace platforms and fellow technology providers for the art market.
Helping our customers adapt and succeed
We listened to the needs of the art market which resulted in our all-in-one AML solutions that serve all AML needs.
Following the summer 2020 launch of the ArtAML platform for conducting AML checks, we introduced AML Training in addition to Risk Assessments + AML Policies in spring 2021.
Meet the founders
Susan J. Mumford
CEO and Co-Founder
After a decade operating as an art dealer and adviser, American entrepreneur Susan J Mumford has built a career providing solutions for the art industry, based out of Lewes, East Sussex. She’s also Founder & CEO of the Association of Women Art Dealers (AWAD). A keen amateur gardener, she can often be found in the garden with her hands in the soil.
Dr. Chris E. King
CTO and Co-Founder
Dr. E. Chris King is an experienced software developer with 25 years’ experience in the financial sector. His most recent work has been developing cutting edge onboarding and KYC solutions. He spends his free time pursuing fine art photography (represented by the Ivy Brown Gallery, New York) and making jewellery.
This [the 5th EU AML Directive] is going to incur a seismic shift for the art market and the way it does business.
Susan J. Mumford
ArtAML Chief Executive
The Art Newspaper, October 10, 2019
Meet the team
Chartered Accountant (EY). BSc Economics (Bristol University). 30+ years board level experience: The Debt Management Office, a Bank of England/Treasury Agency; Standard Chartered Bank; PA Consulting; and operating in 15+ smaller businesses where annual revenue ranged from £1m to £50m.
Harry is a qualified bookkeeper and Xero-certified advisor specialising in cloud accounting. He has acquired extensive knowledge and experience of finances, working with both start-ups and established businesses covering a wide range of sectors, including not-for-profit.
Pere has a Master’s Degree in Computer Science, with more than 10 years’ experience in software development. He is passionate about new technologies, best practices, and mentoring junior developers.
Lance has 24 years of software architecture, design and development experience in financial markets, investment banking, health provision, internet technologies and academic research. He is a Scrum Master and XP coach, mentor and advisor in Agile Methods of software development. He has a talent for getting systems into production where organisations have previously struggled to do so.
Channing has three decades of software architecture, design and development experience in financial markets, investment banking, internet technologies and academic research, and has worked with agile methods since the late 1990s. He specialises in helping struggling projects to succeed, and also in building highly effective teams that deliver robust systems.
Simon has 14 years experience as a web developer in a range of different sectors working in both front-end and back-end languages.
The Real Workers
Proud Staffy-Jack dog and Chief Dog Officer, Milo comes to ArtAML after a distinguished career in London. His duties include meeting with the CTO (Chief Treats Officer), as well as liaising with his Human Resources to ensure that the quality and quantity of tummy rubs are up to expected standards.
Lord Aslan Tubbington
Head of New Ventures
This is Lord Aslan Tubbington, or Aslan. He clearly knows how handsome he is and fears nothing it seems.
VP of Napping
Nyx is a male Ragdoll, 9 months old, with too much energy for the household and a penchant to climb walls (literally). As you can see by his face, he’s the highly-qualified VP of napping.
VP of Exploration
Sky, a female Ragdoll, is 9 months old, and half-sister of Nyx. Luckily she has less energy when awake, but she compensates that by being the VP of Exploration. Inspect any cupboard you open before closing, as it is likely she got in without you noticing.
Junior Canine Developer
Rocky is a 6 year old terrier mix. He’s unusually quiet for a terrier but not if approached by a broom, and extremely happy to meet anyone.
Our founding panelists will be announced soon, and all positions listed below have been confirmed.
These experts were pivotal in the lead up to our launch, and we look forward to continuing to work with them in their respective areas of expertise in the months and years to come.
Ivan Macquisten (journalist and industry campaigner)
To be announced — Provenance Specialist, Former MEP and Brussels representative, Banking Executive, Insurance specialist, Shipping & Logistics Specialist, Art market accountant, Art and IP lawyer
Need AML Sorted?
Breathe a sigh of relief:
we have an all-in-one solution to guide you through.
Customer Due Diligence
By using our platform designed for Art Market Participants, we help you fulfil compliance obligations without losing sales.
AML Policy and Risk Assessment
Find peace of mind with our comprehensive risk assessments and AML policy.
ArtAML Training will cover what you need to know about the Money Laundering Regulations and Proceeds of Crime Act to meet compliance obligations, provide insights for mitigating risks and protect your business.