1 — Do a risk assessment of your business and apply risk based measures

2 — Know and comply with the laws where you are doing business and be alert to ‘red flags’

3 — Know Your Clients (KYC) and establish their risk profiles – Check for client red flags

4 — Research the artwork, its ownership and provenance – Check for artwork red flags

5 — Know the background and purpose of transaction – Check for transaction red flags

6 — Keep records

7 — Train staff and monitor processes and procedures

8 — If grounded suspicions exist, know how to act

9 — Glossary of terms