Art-related due diligence
Prevent financial crime and manage your reputation
Forensic & anti-money laundering procedures are increasingly becoming essential to keep your art market business safe.
Integrity questions may arise during the course of business due to unusual patterns, exotic transactions or while onboarding new clients, employees, suppliers or service providers. Deloitte Luxembourg provides a cluster of specialist services with significant relevant experience in Art & Finance, Anti-Money Laundering, Forensic and Business Intelligence Services.
Deloitte can help professionals dealing with art such as wealth managers, family offices, art dealers, auction houses, online marketplaces, asset-based lenders and other stakeholders, perform due diligence checks on buyers, borrowers in case of art-secured lending services, sellers and intermediaries, and some additional checks to mitigate risks of stolen art. Deloitte conducts these due diligence and background searches under strict confidentiality, high ethical standards and within the boundaries of the law.
Deloitte Luxembourg provides “Integrity Due Diligence” services to give you an in-depth insight into the background, track record, political connections and reputation of a business partner. We also attempt to identify potential “red flags” (e.g. money laundering, corruption, tax evasion) before a deal or as part of a business or practice review.
Deloitte Luxembourg also offers a service of “stolen and looted art due diligence” checks by verifying whether the art is listed in major stolen art databases or in a database listing art looted from the Jewish community during World War II.