It was a true pleasure to be part of the Art Due Diligence panel at the 10th Global Ritossa Family Office Summit held in Dubai 23-25 November under the High Patronage of His Highness Sheikh Ahmed AI Maktoum.
A special thank you to Art & Museum Magazine for reporting on the Summit and mentioning that “Phoebe Kouvelas discussed the new due diligence obligations imposed on traders of fine art by the 5th Anti-Money Laundering Directive and how they will affect the Middle East. She also explained how the requirement under the Directive to adopt a risk-based approach is an opportunity for a much-needed shift in perception on how to conduct business in the art market that can extend to all stakeholders and for all art collecting processes”
