How does ArtAML charge for the service- as needed or by subscription?
Is there a minimum subscription period?
Does ArtAML provide information from AML checks if a subscription is stopped?
How much does ArtAML cost?
Are there additional costs, for instance for PEP and Sanctions checks and ID verification?
Is it possible to have a trial?
Yes. We’re glad to provide you access to the platform so that you can conduct a pretend transaction on yourself. Pretending that you are purchasing a splendid work of art, you’re guided through the three core modules to complete an AML / compliance check: customer + art work + transaction.
You’re encouraged to try a ‘remote upload’ of your photo ID and proof of address, so that you have the same experience that your customers will when using the ArtAML platform to provide essential documentation.
Your trial is complete when you’ve completed the three steps- including conducting a PEP + Sanctions screening, with all three ‘completed tasks’ displaying in your dashboard. You’ll see there that it’s possible to print a report (however this is not necessary, and you’re encouraged to keep sensitive documentation in our secure servers).
How is Photo ID verified?
In support of user compliance, we have integrated with the company that our research found to be the best service available. It’s no surprise to us that our selected provider, Yoti, has partnered with the Post Office for their digital identity service, giving you some idea of their credibility.
It’s important to understand that you’re not expected to establish the absolute truth. While you have responsibility, it’s up to you to come to the best result that you can, based on your resources and the information available to you. By coming to a solution like ArtAML to support you with ID verification, PEP + Sanctions screenings, high risk country checks and generally walking you through the steps as well as enabling secure storage (ISO/IEC 27001:2013 certified), you are demonstrating that you are taking the responsibility seriously.
How can collectors / clients securely provide photo ID (without using email as it's not safe these days)?
The ‘remote upload’ feature enables secure uploads from the collector’s device to ArtAML’s cloud-based storage. This eradicates the need to send photo ID by email which presents a high cybersecurity risk.
What assurance can be provided about holding highly sensitive documents such as collectors' passports?
Why go to ArtAML and not one of the big finance or legal AML solutions?
Can the platform conduct checks for international clients (and not only UK)?
Why the focus on the art market? Do you understand the needs of the industry?
What differentiates ArtAML?
Does ArtAML have an API?
Have other questions? Ask away.
Drop us a line and we’ll be glad to help.