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  

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