rufus bird

Fighting Money Laundering and Terrorist Financing

Rufus Bird Art Advisory (UK AML Registration XHML00000198329) is committed to preventing money laundering and terrorist financing in accordance with the Fifth Anti-Money Laundering Directive (5AMLD). This EU legislation aims to enhance financial transparency and mitigate risks associated with money laundering within the art market.

Customer Due Diligence (CDD) and Know Your Client (KYC)
As a regulated entity under 5AMLD, Rufus Bird Art Advisory is required to conduct Customer Due Diligence (CDD) checks on all clients, both existing and new, regardless of their location. This includes verifying the identity of both the client and any beneficial owners if the client is a company.

Verification Requirements
Individual Clients: Clients purchasing artwork exceeding €10,000 (or equivalent) must provide a valid proof of identity, such as a passport, driving license, or national ID card.
Company Clients: For companies purchasing artwork, we require documents verifying incorporation, details of directors, and identification of ultimate beneficial owners.

Payments
Payments must be made from a bank account held in the name of the person or entity listed on the invoice. For third-party payments, confirmation of the source of funds will be required to comply with 5AMLD regulations.

Data Protection
All personal data collected during the CDD process will be held securely and processed in accordance with applicable data protection legislation. Please refer to our Privacy Policy for further details.

AML Guidelines
For additional information, please refer to the AML Guidelines published by the British Art Market Federation (BAMF) and approved by HM Treasury on January 24, 2020.
‍