Hard Bargain: Working in a regulated sector brings responsibilities

In this episode, Lindsey and Rachel cover the sentencing of UK art dealer for failing to report suspicion of terrorist financing when dealing with a sanctioned individual. Oghenochuko Ojiri, who was given two and a half years in prison, subscribed to an art market due diligence service, but did not heed its findings.  Mrs Justice Cheema-Grubb told Ojiri during sentencing: “These offences are so severe that only a custodial sentence can be justified. Working in a regulated sector brings responsibilities, but you closed your eyes to what you knew.” Listen in for further insights from the sentencing. Links:Jailed UK art dealer ignored due diligence platformʼs alert on Hezbollah financier Full sentencing remarks on Sky News Courts Compliance Corylated video: Follow the handbags, new reporting rules for high value dealers   UK Financial Intelligence Unit’s SARs report 2023/24  Money laundering risks in UK higher education report  Contact us: [email protected]