VinciWorks: Recent Episodes
VinciWorks
This podcast features the latest interview in the areas of compliance, risk management and e-learning. Topics include ESG, AML, GDPR, harassment, FCPA, anti-bribery and more.
Founded in 2004, VinciWorks is a leading provider of online compliance training and risk management software. With over 200,000 users across 70 countries, VinciWorks has established itself as the definitive authority in online compliance.
VinciWorks offers a range of compliance and regulatory training courses on topics such as the General Data Protection Regulation, the Fourth Anti-Money Laundering Directive, the Criminal Finances Act, the Modern Slavery Act, the Bribery Act, cyber security, the Equality Act and more. All of VinciWorks’ courses are customisable and can be tailored to suit the industry and specific policies of each client.
In addition to training courses, VinciWorks offers compliance software solutions including its Learning Management System to track online learning, Omnitrack to track and manage online registers, Policy Tracker, a Risk Management System and more. VinciWorks has also published several policy templates and compliance guides to help organisations comply with the latest laws and regulations.
As we approach 2026, compliance and learning teams face evolving challenges, from the Crime and Policing Bill to the complexities of AI and data protection. Ensuring your workforce is prepared for these changes goes beyond simple tick-box training—it's about driving meaningful behaviour and cultural shifts.
In this episode, we bring you the recording of our live webinar, where VinciWorks' compliance experts Nick Henderson-Mayo and Ruth Mittelmann-Cohen, alongside Nelson Sivalingam, CEO and Co-Founder of HowNow, explore the future of compliance learning. Nelson shares his expertise on the latest trends in learning and development, focusing on how compliance training must evolve to stay ahead in 2026. Together, they discuss how L&D and compliance teams can collaborate to create lasting impact, from personalised learning paths to data-driven compliance strategies.
In this recording, you'll hear about:
• UK compliance learning priorities for 2026: From the Cyber Security and Resilience Bill to FCA non-financial misconduct rules • The future of compliance learning: Aligning training to business goals and driving long-term behavioural change • Data and AI governance: Training for the rollout of the Data (Use and Access) Act and EU proposals to reshape GDPR • Embedding compliance into everyday learning: The role of microlearning, nudges, and reinforcement • Global training trends: Managing Tranche 2 AML reforms in Australia, tariff evasion in the US, and training on sanctions risks in Russia and Syria
This session is a must-listen for compliance managers, L&D professionals, and senior leaders who want to stay ahead of the curve in compliance training, helping to build a culture that not only meets regulatory requirements but also supports sustainable business success.
The UK's anti-money laundering (AML) landscape is undergoing a significant transformation. The government has confirmed that the Financial Conduct Authority (FCA) will take over from the Solicitors Regulation Authority (SRA), the Law Society of Scotland, and other professional bodies to become the Single Professional Services Supervisor (SPSS) for AML supervision. This marks the first time law firms and accountancy firms across the UK will be regulated under a single AML authority.
In this webinar recording, VinciWorks' legal compliance experts, alongside our partners at The Compliance Office and special guest Mike Ross, Director & MLRO at Anderson Strathern, break down the details of this major shift. We discuss what the government's consultation on the new structure entails, what questions remain unanswered, and the potential implications for firms across the UK, including specific insights into how Scottish firms might be affected.
In this recording, you'll hear about:
• The FCA's new role as the Single Professional Services Supervisor • Key insights from the consultation, including unanswered questions • A comparison of the FCA's and SRA's approaches to AML regulation • The views of Scottish firms and the Law Society of Scotland • What MLROs need to know and prepare for • The potential timeline for the transition
This session is essential for compliance professionals, MLROs, and legal teams working in the UK's legal and accountancy sectors, providing critical insights into what the future of AML regulation will look like and how to prepare.
APAC compliance is entering its most disruptive year in a decade, and 2026 is set to reshape how organisations across the region manage financial crime, data, cyber, ESG and whistleblowing risk. In this episode, we bring you the audio from our expert webinar on the major regulatory shifts unfolding across Asia Pacific and what they mean for compliance teams.
Our speakers break down Australia's Tranche 2 AML/CTF reforms and what it means for the tens of thousands of professional services firms being brought into scope. They explore the rapid rollout of new data and AI laws across Southeast Asia, tightening cyber requirements in Hong Kong and Singapore, and the growing wave of mandatory ESG disclosures in Japan and South Korea. The discussion also covers stepped-up anti-bribery enforcement, whistleblowing expectations, and stricter AML and licensing requirements for digital-asset firms.
In this episode, you'll hear about:
• Australia's Tranche 2 AML/CTF regime and AUSTRAC obligations • Vietnam's PDPL, India's Digital India Act and rising data penalties across Southeast Asia • Cyber and critical-infrastructure rules taking hold in Hong Kong and Singapore • Mandatory climate and supply-chain disclosures across Japan, South Korea, Australia and New Zealand • Bribery, corruption and whistleblowing enforcement trends across the region • AML, KYC and licensing changes affecting crypto and fintech firms
This episode is ideal for compliance managers, legal counsel, risk leaders and anyone working with APAC operations in financial services, professional services, tech, real estate or multinational supply chains who needs to prepare for the year ahead.
Over seven years since its introduction, the GDPR continues to evolve as new technologies, court rulings and regulatory guidance reshape how organisations handle personal data.
In this episode, we bring you insights from our recent webinar, where experts unpacked the latest developments in GDPR and global data protection. With the EU AI Act now in force, shifting cross-border data frameworks, and regulators issuing record fines, compliance has never been more complex — or more crucial.
Tune in to learn:
- What recent GDPR fines reveal about regulator priorities
- How to navigate overlaps between AI regulation and data protection rules
- Best practices for managing EU–UK–US data transfers after new adequacy decisions
- How to address emerging risks around biometrics, children's data, and AI profiling
- Real-world case studies showing how organisations are adapting to change
This episode is a must-listen for data protection officers, compliance professionals and legal teams looking to strengthen governance, maintain trust, and stay ahead in a fast-moving regulatory landscape.
The Data (Use and Access) Act 2025 (DUAA) has brought the most significant changes to UK data protection since UK GDPR came into force. While it doesn’t replace GDPR, the DPA 2018, or PECR, the DUAA reshapes how organisations process personal data, handle subject access, manage cookies, and apply legitimate interests.
In this episode, we share highlights from our live webinar, where VinciWorks experts explained how these reforms affect compliance strategies. From broad consent in scientific research and recognised legitimate interests, to expanded cookie exemptions, stricter rules for children’s services, and higher PECR fines, the DUAA introduces both opportunities and risks.
Listen in to learn:
- What the DUAA changes — and what stays the same
- Updates to subject access rights and proportionality
- Cookie rules, soft opt-in for charities, and tougher PECR fines
- Automated decision-making and AI compliance under the DUAA
- The new “data protection test” for international transfers
- Practical steps to future-proof your compliance framework
This episode is essential listening for data protection officers, compliance professionals, and legal teams preparing for the future of UK data protection.
On 1 September 2025, the UK’s compliance rules changed with the introduction of the failure to prevent fraud offence under the Economic Crime and Corporate Transparency Act (ECCTA).
In this episode, we share highlights from our expert-led webinar, covering what this new offence means for businesses, how to implement “reasonable procedures,” and the steps organisations must take to reduce fraud risks.
From lessons learned under bribery and tax evasion laws to new risks for senior managers and guidance from the Serious Fraud Office, this episode gives you the practical insights needed to stay compliant and protect your organisation from regulatory scrutiny.
It’s been seven years since the EU’s General Data Protection Regulation (GDPR) came into force, and its impact has only grown. With over €1 billion in fines issued in the past year alone, it's clear that regulators are scrutinising businesses of all sizes, and enforcement is ramping up.
In this episode, we examine how GDPR is shaping global data privacy despite legal pushback, regulatory divergence, and the rising complexity brought on by AI.
Here’s what we’ll cover:
- Recent GDPR fines and enforcement trends - real case studies, real lessons
- Global influence: How GDPR is inspiring new data laws in Brazil, California, China, and beyond
- Divergence watch: What’s happening with UK GDPR reforms and US data protection efforts
- AI and GDPR: Navigating the growing tension between innovation and privacy
- Best practices to keep your compliance strategy up to date and future-proof
Whether you’re a DPO, compliance officer, or business leader, this episode will give you the insights you need to understand where GDPR is heading - and how to stay on the right side of it.
Tune in now for everything you need to know about GDPR’s evolving legacy and global impact.
AI is no longer just hype; it’s here, powerful, and already reshaping how organisations operate. But with that power comes legal and ethical responsibility.
This episode explores how businesses can harness AI while staying within the law and public trust. From the EU AI Act to GDPR and the emerging frameworks in the UK and US, we unpack what compliance looks like in an AI-driven world.
Here’s what we cover:
- The latest AI compliance frameworks and global regulations
- How to embed ethical principles into your AI systems
- Spotting and mitigating risks like bias and discrimination
- Building an AI governance framework that stands up to scrutiny
- Real-life case studies: what works, what doesn’t
- Tools and tech to help your compliance team keep up
If your organisation is using or exploring AI, this is a must-listen.
🎧 Stream the episode now and learn how to make your AI powerful and principled.
Are you ready for the Employment Rights Bill? What it means for health & safety in 2025
New year, new compliance challenges. The forthcoming Employment Rights Bill is set to reshape the health and safety (H&S) landscape, placing greater legal responsibility on employers to protect their workforce.
In this episode, we dive into the major H&S implications of the Bill and what it means for your organisation. From enhanced reporting duties to new employer obligations, our experts break down the legal shifts and share practical strategies to stay compliant and mitigate workplace risks.
Key topics include:
- What’s in the Employment Rights Bill: A breakdown of the key H&S-related provisions and what they mean in practice
- Evolving duty of care: How the new rules change your legal responsibilities toward employees
- Enhanced H&S reporting: Streamlining compliance through better data and digital reporting tools
- Proactive risk management: Practical approaches for identifying and managing workplace hazards
- Building a safety culture: Embedding compliance into everyday operations and workforce behaviour
- Tech and tools for compliance: How digital solutions can help you meet your obligations more effectively
Whether you’re a compliance lead, HR manager, or safety officer, this episode will equip you with the knowledge you need to prepare for one of the biggest regulatory changes of 2025.
🎧 Tune in now and get ahead of the compliance curve.
Bribery and corruption remain major risks for businesses worldwide, with enforcement agencies ramping up scrutiny and penalties for non-compliance. Without strong anti-bribery policies, companies face financial, legal, and reputational fallout.
One of the most effective (yet often overlooked) ways to mitigate bribery risks? A robust gifts and hospitality reporting framework.
In this episode, we’ll explore how businesses can enhance transparency and accountability to protect themselves from bribery risks. From real-world case studies of bribery scandals to practical compliance strategies, our experts break down the essentials of an effective anti-bribery programme.
Key topics include:
- Bribery legislation 101: Understanding the UK Bribery Act, the Foreign Corrupt Practices Act (FCPA), and global enforcement trends.
- Identifying bribery risks: The industries, transactions, and scenarios where businesses are most vulnerable.
- The power of transparency: Why a well-structured gifts and hospitality policy can help prevent bribery before it starts.
- Lessons from major bribery cases: What businesses can learn from high-profile enforcement actions.
- Building a strong anti-bribery framework: Essential steps for compliance, from risk assessments to employee training.
Bribery can be hard to prove—but that’s exactly why prevention is key. Tune in for expert insights on safeguarding your business and ensuring compliance in an increasingly regulated world!
Rising trade tensions between the US and the rest of the world are creating uncertainty for businesses. With tariffs already imposed on Canada, Mexico, and China—and threats looming over the EU and UK—the global regulatory landscape is shifting fast.
Beyond economic disruptions, we’re also witnessing growing conflicts in data regulation, sanctions policies, and corporate compliance standards, from bribery laws to DEI initiatives. What does this mean for businesses trying to stay compliant and competitive in 2025?
In this episode, our compliance experts break down the latest developments in the transatlantic trade wars and what businesses need to do to protect themselves from the impact of shifting policies.
Key topics include:
- US tariffs and trade policy: A breakdown of recent moves and their effects on global markets
- Data conflicts and compliance risks: How US, UK, and EU regulatory differences could spark a "data war"
- Economic fallout: How rapidly changing tariffs and sanctions could disrupt supply chains and key industries
- Sanctions divergence: The risks of navigating conflicting US, EU, and UK policies on Iran, Russia, and beyond
- Bribery and DEI compliance: The impact of potential rollbacks in US corporate compliance laws on international businesses
- How to prepare: Risk mitigation strategies for businesses in a volatile regulatory environment
Employers today face increasingly complex challenges when managing a diverse workforce, especially when it comes to balancing protected beliefs under the UK Equality Act 2010.
One of the most debated and legally significant issues is how to navigate conflicts between employees who hold gender-critical beliefs and transgender employees. Recent legal cases have highlighted the importance of understanding the law, implementing fair policies, and fostering an inclusive work environment.
In this episode, we team up with employment law experts from Worknest to explore how organisations can manage these sensitive situations while staying compliant with UK equality law.
Key topics include:
- What counts as a protected belief? Understanding how the UK Equality Act defines protected beliefs and characteristics
- Balancing rights in the workplace: How to manage differing views while preventing discrimination and upholding legal obligations
- Key legal cases and precedents: Reviewing important tribunal decisions that have shaped the understanding of protected beliefs
- Practical strategies for employers: How to foster an inclusive culture while maintaining compliance and reducing legal risks
- Developing inclusive workplace policies: Best practices for handling gender identity, belief-related conflicts, and employee rights
Tune in for expert insights, real-world case studies, and practical advice on managing diversity and inclusion in the workplace. Don't miss this essential discussion for HR professionals, compliance leaders, and business owners.
Sanctions are evolving at an unprecedented pace, with global instability making compliance more complex than ever. What was once a lower priority for some organisations is now a critical area of risk—where even a minor misstep can lead to severe penalties.
In this episode, our experts unpack recent shifts in US, UK, and EU sanctions policies, particularly regarding Russia, Iran, and the Middle East. We’ll explore the political and economic drivers behind these changes and provide practical guidance on how businesses can navigate this high-risk landscape.
Key topics include:
- The purpose of sanctions: The political, economic, and security motivations behind sanctions, including new policies under the Trump administration
- Sanctions on Russia, Iran, and the Middle East: Understanding the latest developments and their global impact
- How to conduct a sanctions check: Step-by-step guidance on effective screening and compliance measures
- Navigating sanctions risks: Identifying and mitigating risks when dealing with high-risk individuals, entities, and transactions
- Reporting and compliance: When and how to report potential sanctions breaches—and the consequences of non-compliance
- Best practices for sanctions training: Ensuring your team stays informed and compliant with evolving regulations
Tune in to gain expert insights and actionable strategies to help your organisation stay on top of ever-changing sanctions laws and protect against compliance risks.
The Data (Use and Access) Bill (DUAB) is set to transform data protection and privacy in the UK, bringing major updates to UK GDPR and the Data Protection Act 2018. These changes will impact how businesses manage data access, automate decision-making, and comply with evolving regulatory requirements.
In this episode, our compliance experts break down the key provisions of DUAB, explore its potential impact on businesses, and share practical steps to help you stay ahead of the changes.
Key topics include:
- What’s changing? A deep dive into DUAB’s impact on data processing, subject access rights, and automated decision-making
- Legitimate interests for data processing: Understanding the new lawful bases for data sharing and transfers
- AI and automated decision-making: How the bill introduces new rules for AI-driven personal data decisions and what safeguards are required
- The rise of smart data: Preparing for new "smart data" schemes and their effects on industries like finance and healthcare
- Compliance best practices: Updating privacy notices, re-evaluating AI processes, and ensuring effective complaint-handling mechanisms
Stay ahead of the 2025 data landscape with expert insights and actionable strategies. Tune in to ensure your organisation is compliant with the latest data protection reforms!
In today’s interconnected global economy, the health of your supply chain is critical to your business’s success. But with increased outsourcing, global expansion, and evolving regulations, compliance risks can easily go undetected—until they become major issues.
From human rights abuses and environmental concerns to fraud, bribery, and health and safety violations, hidden supply chain risks can lead to reputational damage, hefty fines, and legal consequences.
In this podcast episode, VinciWorks compliance experts discuss how to effectively audit your supply chain, using practical techniques and tools to identify risks during supplier onboarding and ongoing monitoring.
Key topics include:
- Top compliance risks in supply chains and how they manifest
- Effective auditing techniques to assess supplier risks beyond surface-level checks
- Essential questions to ask during audits to uncover hidden issues
- Risk mitigation strategies to strengthen and protect supply chain operations
- The role of automation in compliance: How tracking tools streamline audits and ensure continuous monitoring
Join us as we explore how to identify and mitigate hidden risks in your supply chain—helping your organisation remain resilient, responsible, and compliant with global standards.
The 2025 Compliance Tech Buyers Guide is Here!
61 pages of in-depth research, vendor comparisons, and insights into emerging regulatory needs—this guide is your essential roadmap to navigating the evolving compliance tech landscape.
🔗 Download the guide here: https://bit.ly/tech-buyers-guide-podcast
💡 Why This Matters: Recent surveys show that over 50% of leading companies find their compliance processes too manual and lacking automation. Don’t be part of that statistic! Investing in compliance tech can transform your business—but only if you make informed choices.
🎧 Listen In: Catch Menachem Pritzker and Nick Henderson Milo as they discuss the key findings and what went into this year’s comprehensive research.
📘 Download the Guide to Learn:
- AI's growing role in compliance: How it’s reshaping the compliance landscape
- Reg Tech vs. Compliance Tech: Key differences and how each can benefit your business
- Vendor selection tips: Evaluate your compliance needs before choosing the right solution
Stay ahead of the game and make smarter compliance investments in 2025!
The results of the 2024 US election have ushered in a new era of compliance challenges. With the return of the Trump Administration, the regulatory and compliance landscape is poised for significant shifts, bringing disruption and opportunity for businesses in 2025.
From evolving sanctions policies and potential trade wars to increased scrutiny on diversity, equity, and inclusion (DEI) initiatives, organisations must be prepared to navigate this new political reality.
In this podcast episode, our panel of experts breaks down the key compliance implications of the new administration. We’ll explore how shifting policies on sanctions, tariffs, and DEI could impact your organisation and provide practical strategies to adapt and stay compliant in a rapidly changing environment.
Key topics include:
- Sanctions and geopolitics: Insights into the administration’s approach to sanctions on Russia, Iran, and other high-risk regions
- Trade and tariffs: Preparing for the impact of potential trade wars and new tariffs on international business operations
- DEI under scrutiny: Navigating the challenges facing DEI initiatives amid heightened political and regulatory focus
- Corporate accountability: Understanding how changing enforcement priorities could reshape expectations for compliance and transparency
- Risk mitigation strategies: Practical steps to align your organisation with the evolving US compliance landscape
Join us to gain critical insights into the compliance challenges and opportunities of 2025. Learn how to stay ahead of policy changes, protect your organisation, and thrive in the new regulatory landscape.
The world of anti-money laundering (AML) and financial crime is evolving at an unprecedented pace, and 2025 is shaping up to be a transformative year for the regulated sector.
Emerging technologies like artificial intelligence and cryptocurrency are reshaping risk landscapes, while stricter regulations are raising the bar for compliance and accountability. With severe penalties for failing to prevent financial crime, businesses must navigate a more complex environment to safeguard their operations and reputations.
In this episode, we’ll delve into the critical trends and challenges defining AML, fraud, and financial crime in 2025. From tackling cryptocurrency scams to managing supply chain risks, we’ll unpack the implications of new laws like the UK’s Economic Crime and Corporate Transparency Act and examine the role of the EU’s AMLA agency.
Key topics include:
- Failure to prevent fraud: How the UK’s new corporate offence redefines accountability and reshapes prevention strategies
- New AML requirements: A closer look at regulations impacting letting agents, insolvency practitioners, and art market participants
- Cryptocurrency scams: Understanding the rise of AI-driven scams and their role in financial crime
- AMLA and regulatory oversight: Insights into the impact of new AML agencies and regulatory frameworks
- Sanctions and proliferation financing: Adapting to evolving regimes and heightened scrutiny of high-risk regions like Russia, North Korea, and the Middle East
- Supply chain transparency: Addressing risks under the Proceeds of Crime Act and mitigating human rights abuses in your supply chain
Join us for expert insights and actionable strategies to help your organisation implement robust prevention measures, leverage advanced tools, and foster a culture of compliance. Stay ahead of the challenges in AML and financial crime and protect your business in 2025 and beyond.
The rapid rise of artificial intelligence is revolutionising the way businesses operate. But with innovation comes an ever-expanding list of regulatory challenges.
As AI systems become more embedded in our lives, they generate massive amounts of data, raising urgent questions about transparency, consent, and compliance. For organisations in 2025, navigating the complex relationship between AI and GDPR isn’t just important—it’s essential.
In this podcast episode, we unpack the latest developments at the intersection of AI and data privacy. From understanding the compliance challenges posed by AI tools like ChatGPT to exploring global regulations such as the EU’s GDPR, the UK’s evolving data laws, and the EU AI Act, we’ll guide you through the new responsibilities businesses face.
You’ll discover actionable strategies to ensure compliance, safeguard sensitive data, and build trust in an increasingly complex regulatory landscape.
In this episode, we’ll cover:
- AI and data privacy: How AI’s reliance on personal data and automated decision-making intersects with GDPR requirements
- The EU AI Act: Key insights into risk categorisation, transparency obligations, and what businesses need to implement
- The UK Data (Use and Access) Bill: Understanding its impact on data sharing, e-marketing, and regulatory audits
- Global data privacy laws: Navigating the US’s fragmented state regulations and the rise of GDPR-inspired frameworks worldwide
- Best practices for AI compliance: Practical tips for developing policies, training teams, and adopting tools to mitigate AI-related data risks
Join us as we explore how organisations can stay compliant, protect data, and embrace the transformative power of AI while navigating the challenges of 2025.
As we step into 2025, the workplace health and safety landscape is evolving rapidly.
With new legislative changes, an increased focus on mental health, and the complexities of hybrid work environments, organisations are facing a broader spectrum of responsibilities. Today’s leaders must embrace a proactive approach that goes beyond traditional compliance—prioritising physical safety, fostering psychological well-being, and creating inclusive policies for diverse and dynamic workforces.
In this podcast episode, we’ll explore the key trends and regulatory updates shaping workplace health and safety in 2025. From the transformative implications of Labour’s Employment Rights Bill to practical strategies for managing health and safety in flexible work setups, we’ll guide you through this year’s most critical developments.
We’ll also delve into emerging challenges, such as menopause inclusivity, crisis preparedness, and embedding mental health into workplace safety strategies.
In this episode, we’ll discuss:
- The Employment Rights Bill: How Labour’s “New Deal for Working People” will reshape health and safety policies and worker protections
- Mental health in the workplace: Strategies for meeting new compliance requirements while fostering a culture of care and reducing workplace stress
- Hybrid work compliance: Practical insights for meeting health and safety obligations in remote and hybrid work setups
- Menopause and inclusivity: Why menopause-friendly policies are key for retention and productivity, and how to implement them effectively
- Emergency preparedness: Actionable tips to prepare for crises, from natural disasters to workplace emergencies, ensuring your team’s safety
Join us as we navigate these pressing topics and help your organisation stay ahead in this new era of workplace health and safety.
As we enter 2025, the compliance landscape is undergoing major transformations. From evolving regulatory frameworks to emerging risks, staying ahead of these challenges is crucial for every organisation.
This year sees an intensified focus on sanctions, cybersecurity, diversity and inclusion, data protection, and more. Organisations must brace for the EU’s AI Act, the UK’s revamp of GDPR, potential sanctions changes from the US, and an increasingly unstable global environment.
Tune in to our podcast where our compliance experts will break down the key regulatory trends and challenges for 2025.
We’ll share actionable strategies to help your organisation adapt, stay compliant, and thrive in this year of significant regulatory change.
In this episode, we’ll cover:
- Sanctions compliance: Navigating geopolitical shifts and adapting to updated sanctions regimes
- Cybersecurity challenges: Managing AI-driven threats and meeting stricter regulatory demands
- Diversity and inclusion: Preparing for increased scrutiny of DEI initiatives and balancing workplace rights
- Data protection and AI regulations: Understanding the EU AI Act, California’s AI legislation, and the new UK Data Bill
- Regulatory trends: Exploring the global shift toward proactive compliance and real-time monitoring
This conversation delves into the recent collapse of the German government under Chancellor Schultz, the upcoming federal elections, and the potential implications for both German and European politics. Thomas Falk provides insights into the ideological divides within the coalition, the rise of the AFD, and the challenges facing the next government, including compliance issues and the impact of sanctions on Russia. The discussion also touches on the dynamics of potential coalitions and the future of green policies in Germany.
Takeaways
- The collapse of Schultz's government was not entirely unexpected due to ongoing dysfunction.
- The upcoming elections in February will be crucial for reshaping Germany's political landscape.
- Friedrich Merz from the CDU is the main competitor for the chancellorship.
- The AFD is gaining significant support, particularly in eastern Germany.
- Coalition dynamics will be complex, with limited options for Merz.
- Compliance issues, especially regarding money laundering and sanctions, will be critical for businesses.
- The influence of the Greens may diminish in the next government.
- Germany's political stability is vital for the EU's overall health.
- The next government may prioritize economic pragmatism over ambitious climate targets.
- A reset in relations with Russia could be a possibility under a new government.
In this episode, we explore the complex interplay between politics and global compliance.
From the seismic impact of Trump's election on compliance practices to navigating the shifting landscape of tariffs and trade deals, we delve into the challenges businesses face in a rapidly changing world.
We discuss the UK's struggle to define trade standards post-Brexit, the evolving sanctions on Iran, and strategies for staying ahead in an era of uncertainty.
Join us as we unpack how global events reshape compliance frameworks and what it means for the future.
The Bar Standards Board has launched a consultation on proposed amendments to the Equality Rules. The consultation runs until 29 November 2024.
The BSB is gathering views on proposed rules to advance equality, diversity, and inclusion at the Bar, and is keen to hear a wide range of views and welcomes all contributions to the ongoing consultation.
As the BSB gathers views of barristers and chambers on proposed amendments, they welcome all contributions to the ongoing consultation.
Hear from the Bar Standard Board’s Policy Manager for Equality and Access to Justice, Poornima Karunacadacharan and VinciWorks compliance experts on what you need to know about the proposals, and listen to the questions you posed answered by the BSB.
The consultation is open until 29 November 2024.
Guest speakers: Poornima Karunacadacharan, Policy Manager, Equality and Access to Justice, The Bar Standards Board.
Poornima Karunacadacharan is the Policy Manager for Equality and Access to Justice at the BSB. She has been leading on the drafting of the Equality Rules, as well as ensuring equality, diversity, and inclusion is embedded in all areas of BSB regulation. She has over 20 years’ experience working in the Charity Sector and as a consultant for public sector organisations on equality and human rights issues. Poornima has expertise in training public, private, and voluntary sector organisations on the Equality Act 2010 and the Public Sector Equality Duty.
The Worker Protection Act 2023 comes into force on 26 October 2024, imposing a new, proactive duty on all employers across the UK to take reasonable steps to prevent sexual harassment in the workplace.
With at least 1 in 5 men and nearly half of all women experiencing sexual harassment at work, this new compliance duty is an important step employers must prepare for. The new “preventative duty” shifts beyond reacting to complaints and requires employers to take steps to prevent harassment from occurring in the first place.
Critically, the meaning of reasonable steps will vary from company to company, meaning employers will have to prove they have conducted a thorough risk assessment and understood what proactive steps look like in their business.
In this episode, VinciWorks compliance experts will guide you through the process of complying with the Worker Protection Act.
From assessing the risk of sexual harassment in the workplace to tracking incidents and customising training, this free, one-hour episode will make sure your office is ready to fight back against sexual harassment.
This podcast will cover:
- The Worker Protection Act 2023 and its obligations on employers
- What sexual harassment in the workplace is
- Undertaking harassment risk assessments
- Using data to identify worrying trends before they come problems
- The meaning of proactive duty and reasonable steps in your organisation
- Implementing policies and procedures to prevent harassment
Please note the podcast contains video recordings that you are about to listen to that discuss sensitive topics which some listeners may find upsetting.
VinciWorks berät Sie zur KI-Verordnung der Europäischen Union!
Hören Sie sich unser Podcast an und lernen Sie:
• Was die Ziele der KI-Verordnung sind • Wie der Risiko-basierte Ansatz funktioniert • Warum rechtliche Rahmenbedingungen und ethische Standards beim Einsatz von KI unverzichtbar sind • Wie Sie Compliance sicherstellen
Thomas Falk, Head of Content für VinciWorks, zeigt Ihnen, wie die KI-Verordnung eine Chance für Ihr Unternehmen darstellen kann.Klicken Sie HIER, um den Podcast zu hören.
The pace of AI regulation is heating up. From the monumental AI Act passed by the EU, countries and states around the world adopting copycat laws, to commitments by the new UK government to better regulate artificial intelligence.
Regulators and legislators are racing to ensure they are not left behind by the AI revolution, and can levy ever larger fines on companies who get things wrong. As companies and industries race to ensure they are AI-ready, the cost of a compliance failure is ticking up.
With potential fines that could dwarf GDPR, getting it wrong when rolling out AI technology could be devastating. In this episode, VinciWorks compliance experts will discuss critical upcoming AI regulations in the UK.
From fines on compliance failure to possible new protections for workers, the UK has fallen behind on AI regulation recently but looks set to catch up quickly. We’ll also consider the implementation of the EU’s AI Act - the blockbuster regulation which has set a new global standard. And we’ll consider new regulations across the world from key US states like California and AI laws in Brazil, China and the Middle East.
Key points this podcast will cover:
- What the UK plans for AI regulation
- How would the UK enhance protections against AI discrimination
- How does the EU’s AI Act work?
- What are the sanctions on businesses under the EU AI Act?
- What businesses need to know when investing in AI
- Other AI laws and regulations around the world
The UK is set to go to the polls on Thursday, 4 July in a seismic election which could see a significant shift in the next UK government’s regulatory priorities.
Every sector could be impacted and every area of compliance is likely to be reviewed by the next government. From overhauls of financial services regulation, reviews of data protection law, closer alignment with EU regulations and an expansion of health and safety protections, the next parliament will see compliance at the centre of the regulatory agenda.
Listen to our special pre-election podcast for a detailed look at the likely priorities of the next UK government. Our compliance experts will unpick party manifestos and pre-election promises to help uncover what this election will mean for your organisation.
This episode will cover:
- What the main parties are pledging on key compliance areas
- Potential changes to legislation including the Equality Act, sexual harassment and employment rights
- Expected legislation on AML, bribery, sanctions, fraud and economic crime
- Possible expansion of regulations around GDPR, AI and health and safety
- Preparing your organisation for future regulatory changes and new requirements
Bribery and corruption are not new issues. But they remain impressively persistent in their ability to wreak havoc and cause trouble. Companies are losing hundreds of thousands of pounds to these schemes, not to mention reputational damage and legal action. In this webinar we will look at the different types of bribery risks your company can face, how to assess the specific dangers to your company and what you can do to mitigate those risks so you can sleep at night.
In this episode, we look at key information on bribery legislation, the myriad of ways companies can get caught up in bribery and the implications if a company doesn't have effective anti-bribery policies in place. Significantly, we will guide companies in how to manage their bribery and corruption risks, develop an effective anti-bribery programme and learn how to mitigate the risks of bribery and corruption.
The EU’s General Data Protection Regulation (GDPR) has now been in force for six years. During that time, fines have totalled billions of euros, with over €1 billion in fines coming in the past 12 months. The most recent fines show that both large and small businesses are subject to regulators’ scrutiny.
With fines and enforcement actions, developments in GDPR case law and new challenges of AI, data protection remains one of the most complex areas of compliance. Despite best efforts, many organisations are still falling short when it comes to getting GDPR right.
In this podcast, we examine GDPR’s widespread impact not just in Europe but around the world. As places like Brazil, California, and even China race to enact GDPR-like protections, what does the future hold for data privacy?
The podcast covers:
- Recent GDPR fines and case studies
- International developments and new GDPR-style laws around the world
- Focus areas for EU data protection authorities
- Where the UK and US stand with data protection and GDPR
- Artificial intelligence and data protection laws
- Best practice guidance to solidify your GDPR compliance
Neurodiversity is becoming more understood as a workplace issue. As many as 1 in 7 people in the UK are neurodivergent, meaning that organisations that fail to meet the needs of their neurodivergent staff and clients are neglecting a significant demographic. Although there are challenges associated with these differences, there are also many strengths. At the same time, failing to make workplaces inclusive of neurodiversity is an increasing risk. Over a hundred cases of neurodiversity discrimination were taken to employment tribunals last year, with almost none the year before. Organisations that fail to put in place the right policies and procedures to support neurodivergent staff are at risk of losing talented staff, as well as the risk of legal action. Making a workplace that is neurodiversity friendly doesn’t have to be complicated or expensive. In this episode, we’ll look at what neurodiversity is, strategies to support neurodivergent staff at work, and what policies and procedures organisations should have in place. This one-hour session will cover: - What is neurodiversity and what are different neurodivergent conditions? - The challenges faced by neurodivergent staff at work - Strategies to support and encourage diversity of thought at work - Short workplace scenario clips on how organisations can support neurodivergent people - Supporting neurodivergent staff in the workplace - Creating policies and procedures inclusive of neurodiversity
Since 1 April 2023, all firms in the regulated sector have been required to carry out proliferation financing (PF) risk assessments. This applies to all regulated entities, from law firms to financial services, casinos to cryptocurrency. Regulated entities can create a new risk assessment on proliferation financing or incorporate PF risks into existing AML and terrorist financing risk assessments. However, regulators expect firms to take action to understand the risk of PF and how to mitigate it in their business. Failing to do so can result in a breach of the Money Laundering Regulations. One year into this new requirement on the regulated sector, how effective have the new regulations been? What are the key strategies for compliance, and what are the best practice tips for ensuring PF obligations are met? In this episode, we’ll look at the issue of proliferation financing in detail, discuss strategies for compliance, and share best practices for understanding and mitigating PF risks. This one-hour session will cover: - What proliferation financing is and the jurisdictions and industries at risk - The differences and similarities between proliferation financing, money laundering and terrorist financing - Practical examples of how proliferation financing can happen - Proliferation red flags and high risk indicators - Strategies and technologies to counter the risk of proliferation financing - How to undertake a proliferation financing risk assessment
The issues of gifts, hospitality and bribery are increasingly complicated – especially for companies doing business in other countries. The danger of getting caught up in a corruption scandal is damaging, expensive and could be ultimately devastating. But when is a gift considered bribery?
How can corruption, or even the perception of corruption, be avoided in business?
In this episode, we highlight some recent bribery scandals, analyse how they could be avoided, and take a deep dive into international anti-corruption laws. Most importantly, we discuss how companies can safely conduct business around the world. We include information on Transparency International’s recently released annual report on perceptions of corruption and bribery across the world and explain how it can form a critical part of a company’s bribery and corruption risk assessment.
This free episode provides key background info on everything from the Foreign Corrupt Practices Act in the US to the UK’s Bribery Act to the EU’s proposed anti-corruption legislation. If your company has any business in a foreign country, including any parts of its supply chain, you’ll want to listen to this one.
This episode features:
- A basic understanding of anti-corruption legislation around the world
- Highlights of recent scandals – and how they could have avoided
- How you can manage your company’s gifts and hospitality policy
- How to prevent corruption in your business
Many organisations discuss gender equality and promoting women, particularly older and more experienced women. But what does this look like in practice? What are the practical steps to supporting older women in the workplace, and how can barriers to success be overcome? One highly effective strategy is making your organisation menopause friendly. Older women are one of the fastest growing in today’s workplace, and research has shown that nearly two-thirds of women have taken time off work due to their symptoms, with some even leaving their jobs due to not being supported in their workplace. In this episode, VinciWorks compliance experts will take you through the steps your organisation can take to become menopause friendly. From implementing a menopause leave policy to environmental factors affecting a workplace, this session will inform you on why making your organisation menopause friendly is a cost-effective, impactful and necessary initiative. The episode will feature an interview with Dr Rebecca Lewis from the highly respected Newson Health Menopause and Wellbeing Centre. This episode will cover: - The basics of menopause as a diversity and inclusion issue - Building a coalition for progressive menopause change in an organisation - Countering common myths, stigmas and stereotypes - Top tips for implementing a menopause leave policy - Tackling environmental, organisational and cultural factors on menopause
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The field of economic sanctions has been growing increasingly complicated in recent years, and the past year was a historic and transformative period for the use of financial sanctions on both the global and UK levels, with Western nations launching an unprecedented line of sanctions against Russia as a result of its invasion of Ukraine in February 2022. Recent conflicts such as the Hamas-Israel war in response to Hamas’s October 7 massacre, the Russian invasion of Ukraine, as well as events in Iran, China and other countries, have grabbed global headlines. These events have sparked waves of new laws and regulations around the world, from sanctions to tougher economic crime compliance rules. All businesses must comply with financial and trade sanctions and companies must be able to prove that they are properly screening for sanctions. Failure to comply with screening requirements can carry stiff penalties reaching into the millions per infraction and any sanctions breach, even accidental, is a crime. This episode will cover:
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Recent sanctions issues and key compliance challenges and what to be aware of in the present volatile international landscape.
- The creation of the Office of Trade Sanctions Implementation (OTSI), the UK’s newly created body that will be responsible for the civil enforcement of trade sanctions, including those against Russia.
- The ever-relevant crossover between sanctions, terrorist financing, and AML, which has become increasingly important as the world faces rapidly evolving geopolitical challenges.
- The effectiveness of financial sanctions in general and those against Russia in the past two years in particular.
- Cases of sanctions breaches and consequences.
- Tips for sanctions compliance for both regulated and non-regulated businesses.
In this episode, we explore the vast implications of the EU AI Act, the world’s first comprehensive AI regulation.
With this legislation, the EU hopes to create a framework to regulate AI systems across the EU. But the Act will impact companies who do any business in the EU, and, similar to the General Data Protection Regulation (GDPR), the AI Act will likely set a global standard.
This episode will provide key background on how the AI Act was developed, its main elements, including an understanding of its risk-based approach, and critical advice on what companies must be aware of.
Importantly, we focus on how companies can prepare to comply.
This episode will feature:
- A basic understanding of the AI Act
- How it will likely impact your company
- The impact of GDPR on AI – and why that matters
- How you can prepare – and when you need to
- Future trends in AI regulation around the world
The episode features the VinciWorks compliance team and a legal GDPR / AI expert.
Under UK law, a corporation can face criminal prosecution if it fails to prevent certain actions from being undertaken by its employees, associates or even contractors.
In this episode, we explain what this new corporate criminal offence means, what kind of fraud is covered, and how to comply with the ‘failure to prevent’ provisions.
- Try our new customiseable collection of Fraud courses: https://bit.ly/fraud-courses
- Download our guide to Tax Evasion: Failure to Prevent: https://bit.ly/tax-evasion-guide
This episode dives into the top compliance trends to set your agenda for 2024. We’ll also delve into key compliance issues we expect to see in areas like anti-money laundering, diversity and inclusion, and sustainability. We’ll review key pieces of legislation we’re tracking in the EU, US and UK.
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Try our customisable AI compliance training courses for free: https://vinciworks.com/courses/artificial-intelligence/
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Download our free Top 10 Compliance Trends 2024 Guide: https://bit.ly/2024-compliance-trends-guide
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Download our free Guide to Mental Health and Psychological Safety: https://bit.ly/psychological-safety-guide
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Download our free US Corporate Transparency Act Guide: https://bit.ly/corporate-transparency-act-guide
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Download our free Guide to the Foreign Subsidies Regulation (FSR): https://bit.ly/fsr-guide
This episode discusses the taboo subject of menopause, specifically how menopause impacts the workplace. We go into the undeniable stigma around this topic, why it is important for businesses to offer more support to their employees, and how they could go about this.
Resources:
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Try our customisable GDPR and data protection training courses for free: https://vinciworks.com/courses/gdpr/
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Download our free guide to World Menopause Day: https://bit.ly/4arwWdm
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Learn more about our customisable Workplace Diversity Questionnaire: https://bit.ly/48n7Vhr
GDPR presents not just a single compliance challenge - how to get policies and procedures right - but an ongoing plethora of overlapping priorities that must be dealt with at various levels of the business. From implementing technical measures, tracking data subject requests and putting in place incident breaches registers, there is never an ‘end’ point to GDPR compliance.
However, automation of various data privacy and technical security tasks can vastly improve compliance efficiency and, more importantly, provide evidence of how your organisation complies with GDPR.
In this podcast, join our experts as they discuss:
- The key GDPR compliance challenges for different types of organisations
- What is automation in compliance, and how does it work?
- What kinds of GDPR tasks can be automated
- Making the most of GDPR and automation
- How to save your organisation time, money and hassle with automation tools
Resources:
- Try our customisable GDPR and data protection training courses for free: https://vinciworks.com/courses/gdpr/
- Download our free guide to Managing GDPR: https://bit.ly/3QZ2qhV
- Register for a free demo of the GDPR Registers Solution: https://bit.ly/3QUM0qO
Gary and Nick from VinciWorks continue looking at the UK government's planned changes to how money laundering regulations are supervised and enforced. With four options on the table, from increased powers for OPBAS to an entirely new public sector regulator, what might these changes mean for the regulatory sector?
Resources:
- Try our AML compliance training: https://bit.ly/AML-courses
- Learn more about our AML onboarding Omnitrack solution: https://bit.ly/AML-onboarding-solution
- Download our free resource on AML compliance - What financial services firms need to know about ongoing monitoring: https://bit.ly/finserv-ongoing-monitoring
What's the latest on the UK government's planned changes to how money laundering regulations are supervised and enforced?
Reform of the AML/CTF regime is coming, with the government proposing four potential changes, from increased powers for OPBAS to an entirely new, public sector regulator. What will be the impact of the regulated sector of these changes, and what is your preferred model?
Resources:
- Try our AML compliance training: https://bit.ly/AML-courses
- Learn more about our AML onboarding Omnitrack solution: https://bit.ly/AML-onboarding-solution
- Download our free resource on AML compliance - What financial services firms need to know about ongoing monitoring: https://bit.ly/finserv-ongoing-monitoring
For health and safety professionals, the challenge in today’s workplace is ensuring health and safety remains a top priority in a world of overlapping crises when many people are struggling to make ends meet. Health and safety has never been more important when an accident at work could leave people in an even worse position.
In this podcast, join our experts as they discuss:
- The impact of inflation and cost of living crisis on health and safety infrastructure
- Recent cases and statistics of H&S challenges for businesses
- Best practice in health and safety training and compliance
- The risks to organisations in letting health and safety compliance slip
- Lessons from compliance priorities in challenging times
Resources:
- Try our Health and Safety training courses: https://bit.ly/HealthSafetyCourses
- Learn more about our Health and Safety risk assessments tool: https://bit.ly/HealthAndSafetyRiskAssessments
- Download our free guide for Health and Safety for managers and directors: https://bit.ly/HealthandSafetyManagersGuide
- Learn more about our Ergonomics self-assessment: https://bit.ly/ergonomicsassessment
CSRD, a new EU legislation, mandates large and listed organisations to publish reports on social and environmental risks and their impact. Join Gary Yantin, Nick Henderson-Mayo, and Naomi Grossman in this informative podcast, where they unravel CSRD’s complexities and guide you on compliance and reporting strategies.
In this podcast, you’ll gain an understanding of CSRD, including:
- A deep dive into CSRD and its origin
- Step-by-step guidance on CSRD compliance and reporting guidelines
- Key considerations for both EU and Non-EU businesses
- Timelines and strategies for preparing your organisation for CSRD
Resources:
- Try our Sustainability and ESG training: https://bit.ly/sustainability-training
- Download our free EU CSRD guide: https://bit.ly/CSRD-guide
- View our Sustainability and ESG course catalogue: https://bit.ly/sustainability-catalogue
- Learn more about our Supplier Onboarding solution: https://vinciworks.com/products/omnitrack/supplier-tracking/
The Solicitors Regulation Authority (SRA) has announced that its biannual mandatory diversity survey will be due on 23 July 2023.
All SRA-regulated law firms, regardless of size, must collect, report and publish their workforce diversity data every two years.
In this podcast, VinciWorks’ Director of Best Practice, Gary Yantin, is joined by Siân Hughes, Head of EDI at the SRA, and Andrew Donovan, Managing Director at Compliance Office. Gary, Siân and Andrew discuss the importance of reporting and publishing SRA diversity data.
Resources:
- Try our AML compliance training: https://vinciworks.com/courses/aml/
- Download free AML resources: https://vinciworks.com/resources/aml/
- Learn more about our AML onboarding solution: https://vinciworks.com/products/omnitrack/aml-onboarding/
Despite international sanctions, London-based law firm Discreet Law took on Wagner Group head Yevgeny Prigozhin as a client after he passed money laundering checks. The Russian warlord most recently led a mercenary rebellion in Russia and is now believed to be in Belarus.
Resources:
- Try our AML compliance training: https://vinciworks.com/courses/aml/
- Download free AML resources: https://vinciworks.com/resources/aml/
- Learn more about our AML onboarding solution: https://vinciworks.com/products/omnitrack/aml-onboarding/
This case involves Anatoly Legkodymov, a Russian national who was arrested for his alleged operation of a money-transmitting business that transported and transmitted $700m in illicit funds and that failed to meet US regulatory safeguards, including anti-money laundering (AML) requirements. Legkodymov is the majority shareholder of Bitzlato, a Hong Kong-registered cryptocurrency exchange that operates globally.
Resources:
- Try our AML compliance training: https://vinciworks.com/courses/aml/
- Download free AML resources: https://vinciworks.com/resources/aml/
- Learn more about our AML onboarding solution: https://vinciworks.com/products/omnitrack/aml-onboarding/
The Solicitors Regulation Authority (SRA) has announced that its mandatory diversity survey will be due on 23 July 2023, with reporting open from 26 June. In this episode, VinciWorks' EDI expert Nick Henderson-Mayo speaks to Compliance Office's Director and Founder Andy Donovan to give firms guidance on what needs to be reported, which firms need to report, why the survey is so important, and more.
We also take you through the free reporting tool VinciWorks is offering to help you collect and aggregate the relevant data from your staff.
Additional resources:
- Request our free data collection solution: https://bit.ly/diversity-survey-2023-registration
- Sample SRA diversity survey: https://bit.ly/diversity-survey-2023-sample
The EU’s General Data Protection Regulation (GDPR) has now been in force for five years. During that time, fines have totalled close to €2.8 billion, with over €1 billion in fines coming in the past 12 months. The most recent fines show that both large and small businesses are subject to regulators’ scrutiny. Recorded the day before GDPR's fifth anniversary, in this episode we look at the effect the regulation has had on the way we collect and process data and what we can expect going forward. We were joined by our own in-house DPO to take you through the key developments in GDPR from across the EU.
GDPR resources:
- Customisable GDPR training: https://vinciworks.com/courses/gdpr/
- GDPR registers software solution: https://vinciworks.com/products/omnitrack/gdpr/
- GDPR resources: https://vinciworks.com/resources/gdpr/
The UK ranks second highest among money laundering hot spots worldwide, with an estimated £88 billion laundered each year.
Financial institutions are responsible for catching the bad actors to prevent and stop money laundering. But unfortunately, it’s not always easy to identify who they are.
In this episode, we are joined by Nick Henderson-Mayo, VinciWorks’ Director of Learning and Content, Naomi Grossman, VinciWorks’ Learning and Content Manager and Sandra Erez, VinciWorks’ Director of Global Enterprise Sales, to explore money laundering, how it impacts financial services firms, and what firms can do to protect themselves.
Resources:
- Try our AML compliance training: https://bit.ly/aml-courses
- Download free AML resources: https://bit.ly/aml-resources
- Learn more about our AML onboarding solution: https://bit.ly/aml-onboarding-solution
This case involves the mining and commodities giant Glencore, which was fined £281m for using bribes to bolster its oil profits in five African countries. The company paid cash bribes to officials in the country’s national oil and gas companies.
Resources:
- Try our AML compliance training: https://vinciworks.com/courses/aml/
- Download free AML resources: https://vinciworks.com/resources/aml/
- Learn more about our AML onboarding solution: https://vinciworks.com/products/omnitrack/aml-onboarding/
In this episode, we look at a case involving the US government's first-ever prosecution of a corporation for providing material support for terrorism. In this case, Lafarge and its subsidiary pled guilty to giving donations and “taxes” to ISIS and al-Nusrah Front (ANF), two of the world’s most notorious terrorist organisations, in exchange for the continued operation of their cement plant in Syria. The company received a nearly $800 million fine.
Resources:
- Try our AML compliance training: https://vinciworks.com/courses/aml/
- Download free AML resources: https://vinciworks.com/resources/aml/
- Learn more about our AML onboarding solution: https://vinciworks.com/products/omnitrack/aml-onboarding/
Richard Rufus was part of both Charlton Athletic teams that earned promotion to the Premier League during the Alan Curbishley era, playing in the 1998 Football League First Division play-off final against Sunderland that Charlton won on penalties. Ten years after being inducted into Charlton's Hall of Fame in 2013, he was convicted for fraud. He was able to convince friends, family members and associates to invest with him by claiming he was getting 60% in returns. One victim testified that he was told by Rufus that he only traded 5% of the capital investment, which meant 95% would have been retained safely - reducing the risk of incurring large losses. This made it seem like an incredibly safe, profitable investment.
In this episode, we discuss how easy it is to get duped into a bad investment, especially when the bad investor is a former star athlete.
Resources:
- Try our AML compliance training: https://vinciworks.com/courses/aml/
- Download free AML resources: https://vinciworks.com/resources/aml/
- Learn more about our AML onboarding solution: https://vinciworks.com/products/omnitrack/aml-onboarding/
China is of growing concern to compliance professionals on a number of fronts. From sanctions on Uyghur forced labour to supply chain disruption to warnings about China’s banks, the world’s second-largest economy is both of critical importance and an increasingly critical risk. In this episode, we look at China’s role in corporate compliance, and what companies should be aware of when doing business with or in China.
In this episode, Nick and Naomi are back to talk about yet another big money laundering case involving a bank. This time they look at how banks can mess up their anti-money laundering systems - and get fined, royally. Specifically, Commerzbank’s London Branch being hit with a whopping £38m fine by the FCA for not having good AML controls.
What are the big topics affecting law firms? In this special episode recorded shortly after the Law Society's Risk and Compliance conference, Gary Yantin and Nick Henderson break down the key issues of concern for the legal industry.
In a case before the High Court, the World Uyghur Congress argued that UK authorities should have launched money laundering investigations into the cotton imports brought into the UK from the Xinjiang region of china because of the high likelihood of forced labour that was present at the start of the supply chain. The court refused the claim but the reasons indicated that other supply chain challenges could be successful in the future. Companies doing business in China should be on high alert.
In this episode, we dig into the implications of the case for companies dealing with suppliers in China.
Many firms are still carrying out paper-based identification and verification of clients during the onboarding process. But is this the most efficient method?
In this episode, we are joined by Thirdfort’s AML Services Manager Harriet Holmes, Compliance Office’s Managing Director Andy Donovan and VinciWorks’ Director of Product (Omnitrack) Ruth Mittelmann Cohen to explore the extent to which paper-based ID checks are still the best way to carry out CDD.
In this episode, Nick Henderson and Naomi Grossman examine a compliance case that rocked the world of Credit Suisse, the venerated global investment bank and a crown jewel of Switzerland. It seems that Credit Suisse has been lurching from one scandal to the next, much of it due to their lack of serious anti-money laundering efforts. But this case is really significant because it’s the first time a Swiss bank was subject to this kind of criminal prosecution.
Under UK law, a corporation can face criminal prosecution if it fails to prevent certain actions from being undertaken by its employees or contractors.
The UK government have recently announced they are pushing ahead with a game-changing new regulation to expand the ‘failure to prevent’ family of offences to fraud. In this episode, Director of Learning and Content Nick Henderson-Mayo and Directory of Best Practice Gary Yantin get into detail about the proposed new law, and what it might mean for compliance.
Download our guide to the 'failure to prevent' family of offences: https://bit.ly/failure-to-prevent
In November 2022 HMRC released the summary of responses from their consultation on the UK’s Mandatory Disclosure Rules (MDR). The consultation clarified that: 1. The historic lookback period will go back to 25th June 2018 (and not 29th October 2014 as originally stated). 2. Reporting will be via XML only. With UK MDR expected to come into force in the first half of 2023, we were joined by John Sandeman, HMRC's policy official for Mandatory Disclosure Rules, who will help our listeners get to grips with the UK MDR and how it may impact your organisation.
In a rapidly changing economy, companies are ever more reliant on a well-functioning supply chain to get things done. From outsourcing payroll to launching a new product, supply chain management has never been more crucial. Examining the risks posed by new suppliers is equally vital. A worrying incident can have a knock-on effect on your business, from reputational risk to fines or criminal action.
In this episode, VinciWorks, in collaboration with our partners DeltaNet, examine the risks of third-party failures in health and safety.
As the year comes to a close, leading SRA consultancy service, Compliance Office, look at the latest SRA compliance developments and hot topics for law firms. Founder Andy Donovan speaks to leading regulatory solicitors Julie Norris and Iain Miller at Kingsley Napley and Ruth Mittlemann Cohen, an AML product specialist at VinciWorks.
They look at:
- What the SRA's increases in fining powers mean in practice
- Christmas parties and appropriate behaviour
- Social media and other professional comms blunders
- SRA's new expectations around office culture
- Hot off the press analysis of the SRA's new guidance on supervising fee earners which will prove to be a hot topic!
- SLAPPs and new guidance on using 'confidential' & 'without prejudice' labels
- Corporate undertakings - where are we now?
- A look ahead to the hot topics in 2023 - AML (brief update only as that is its own session!), Legal Ombudsman time limit changes, forthcoming thematic review & more
Speak to Compliance Office today: https://complianceoffice.co.uk/contact/
All UK law firms are required to establish an independent audit function to examine, evaluate and make recommendations regarding the adequacy and effectiveness of their practice’s anti-money laundering and counter-terrorist financing policies, controls, and procedures. This can be carried out via an internal or an external auditor.
In this episode, we speak to the Director and Founder of SRA consultancy firm Compliance Office, Andy Donovan, to explore what an independent AML audit involves, the differences between an independent audit and an external audit and what should be included in every audit.
Find out how we can help: https://vinciworks.com/products/aml/aml-audits/
Getting third-party risk management right is critical for businesses. In this episode, CoreStream's SVP of business development, Paul Cadwallader, explores how businesses can ensure effective procedures for extended enterprise management. We’ll dive into how to identify and mitigate risks through effective and efficient processes and what to consider when implementing risk-based third-party due diligence.
Further resources:
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Third party risk management software: https://www.corestream.co.uk/third-party-risk-management-software/
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Supplier onboarding compliance solution: https://vinciworks.com/products/omnitrack/supplier-tracking/
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Guide to risk based third party due diligence: https://vinciworks.com/resources/download/?resource=guide-to-risk-based-third-party-due-diligence
Since the UK Modern Slavery Act came into force, it is estimated that the number of people trapped in forced labour or forced marriages has actually increased, with the number now believed to have reached over 50 million. A mixture of armed conflict, climate change and the global pandemic has made modern slavery a growing challenge, despite an increase in regulations in many countries.
With the UK and other countries set to strengthen their regulations, we look at whether businesses are doing enough to eradicate modern slavery.
ESG - Environmental, Social and Governance - helps businesses measure their impact on the world. It goes broader than profit and loss and is more detailed than corporate social responsibility.
Over the past year, we have fielded hundreds of questions on ESG. From how to get started to understanding how to choose the right ESG framework for you, businesses at all stages in their ESG journey have unanswered questions.
In this episode, Director of Learning and Content Nick Henderson and Director of Product Alona Stern will answer your ESG questions.
Free ESG resources: https://vinciworks.com/resources/esg/
In July 2021, HM Treasury launched a new AML consultation entitled ‘Amendments to the Money Laundering Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs)’. The planned updates, most of which are coming into force on 1 September, are required to ensure that the UK continues to meet international AML standards, whilst also clarifying how the UK’s anti-money laundering and counter-terrorist financing (AML/CTF) regime works. UK law firms continue to be at the forefront of the fight against money laundering and terrorist financing.
In this episode, Lindsay Taylor from Compliance Office and Nick Henderson from VinciWorks will give a thorough overview of the latest in AML compliance and what’s changing.
Keeping money launderers out of legal services has long been a priority of the SRA. In 2021, the SRA visited an average of 7 law firms a month to check on their money laundering systems. The majority were told to make changes to the way they work. Further, in its latest threat assessment, the National Crime Agency (NCA) estimated that at least 70,000 people are engaged in serious organised crime in the UK, with upwards of £12bn in criminal cash generated annually.
In this episode, Compliance Office Founder and Director Andy Donovan, and VinciWorks Head of Legal and Product Research Ruth Mittelmann Cohen discuss the SRA’s findings and how firms can maintain AML compliance.
Since Russia launched its invasion on Ukraine at the end of February, the west has imposed significant sanctions on Russia, Belarus, and Vladimir Putin’s oligarchs who fund his war.
The rapidly evolving nature of the situation has made sanctions compliance an increasing challenge for businesses, but also one that is vital to understand and has prompted many organisations to review their compliance processes.
In this episode, our Director of Best Practice Gary Yantin and Director of Learning and Content Nick Henderson help businesses tackle questions around global sanctions compliance.
Sanctions resource page: www.vinciworks.com/sanctions
The team at VinciWorks took part in a mental health and wellbeing experiment inspired by mental health advocate Rob Stephenson. In this experiment, we invited people to share their daily mental health score in their Slack status and then invited half of those people to post a mental health update, if they wanted, in a special closed Slack channel. We wanted to see if sharing a score makes a difference and whether sharing the reason for the score also has an impact. In this episode, our Director of Learning and Content Nick Henderson and Director of Best Practice Gary Yantin reflect on the experiment and what businesses can learn from it.
After two years of social and financial pressures, and with the pandemic still prevalent in our everyday lives, not everyone is comfortable with returning to the workplace in person. Are your employees struggling with returning to the office? Are they anxious and uncomfortable? How are they doing mentally now that lockdown is over, and what impact has virtual or hybrid working had on their mental health and wellbeing?
In this episode, we hear from a host of experts, including Teresa Higgins, Managing Director at Barbour EHS, Dee Arp, Chief Operating Officer at NEBOSH and Alexis Powell-Howard, Director, Psychotherapist, and TEDx Speaker at Fortis Therapy. They explore the impact of COVID-19 on mental health and wellbeing, why it’s time to reshape health and safety strategies, the challenges for leaders in managing people who may feel anxious, and more.
Mental health resources:
Mental health at work training by VinciWorks: https://vinciworks.com/courses/mental-health/mental-health-wellbeing-at-work?utm_source=podcast-ep9
Guide to resilience by Barbour: https://www.barbour-ehs.com/download/resilience-barbour-guide/?Partnerref=VWPodcast
In this episode, we focus on mental health in professional services firms. While we're taking law firms as a broad example of professional services, these lessons and ideas really extend to wider professional services firms. VinciWorks' Director of Best Practice Gary Yantin supports law firms in getting compliance right, and he has been speaking with two experts in this field. Ben Morris, Head of Employee Relations DAC Beachcroft and Kate Dodd, Diversity and Inclusion Consultant for Pinsent Masons LLP. They discuss the importance of taking staff's mental health into consideration and how best to do that. They also share examples of success stories and initiatives that you can implement in your organisation today.
VinciWorks' mental health training for the workplace: www.vinciworks.com/mental-health
Happy fourth birthday GDPR! Since GDPR came into force four years ago, fines have reached a total of over €1.6 billion, with the majority of fines having been levied in the past 12 months. Also during that time, the UK left the EU, data protection regulation reforms were announced in the UK and the ICO appointed a new commissioner.
On the fourth anniversary of GDPR coming into force, we looked at the last four years of GDPR, the effect the regulation has had on the way we collect and process data and what we can expect going forward.
GDPR resources and compliance solutions: www.vinciworks.com/gdpr
Welcome to our new mini-series which is going to focus on mental health and wellbeing, particularly as we transition away from an era of covid restrictions and enter into a new world of hybrid working.
In this episode, Director of Learning and Content Nick Henderson goes through the basics of mental health and wellbeing from a compliance perspective. We’ll look at how leaders can set the tone, the role of managers, the impact of training, and the elements of an effective mental health and wellbeing programme.
Learn more about our mental health training: https://vinciworks.com/mental-health
In this episode, Nick speaks to VinciWorks' CMO Yehuda Solomont to look at the trends in compliance training and what they mean. Yehuda has all the numbers and statistics at hand to give some real insight into the most popular topics, as well as other trends, such as the increased need for relevant training, how long a course should be and whether gamified learning and VR and catching on.
In this episode, we are joined by VinciWorks' Director of Global Compliance Sandy Erez. Sandy has been breaking boundaries in the field of compliance since the 70s, when she broke the school dress code to wear trousers of all things to her elementary school graduation.
She shares how she got involved in the world of compliance and tackles assumptions made about those who work in the field.
VinciWorks' course catalogue: https://vinciworks.com/courses/
In the final episode of our anti-bribery series, Director of Learning and Content Nick Henderson considers the evolution of bribery laws, and answers some of the bribery compliance questions you have been sending in. The questions Nick answers cover facilitation payments, how those who commit bribery are caught and more.
Compliance failures cost the business in financial penalties, reputational damage, and even jail time. In this episode, Director of Learning and Content Nick Henderson takes us through the crucial elements that make up a successful anti-bribery and corruption programme for your business. Free anti-bribery resources: https://vinciworks.com/resources/anti_bribery/
ESG can feel like a complex and confusing topic, from finding the right data to track to aligning to frameworks. Are ESG frameworks mandatory, or even necessary for ESG? Which framework is right for which industry and size of business, and what’s the benefit, or not, of aligning to a framework for ESG? In this episode. VinciWorks' Director of Product Alona Stern and Director of Learning and Content Nick Henderson unpack what frameworks mean, how to align with them, and which one, if any, may be right for your business. We also hear from Amanda Latham, Associate and Policy & Strategy Lead at professional services consultancy Barnett Waddingham. Amanda shares insight on her journey to becoming so involved in ESG, including chairing the stewardship workstream of the Investment Consultants Sustainability Working Group (ICSWG).
At the heart of any anti-bribery programme is a risk assessment. Like any other risk assessment, the specific risks will depend on your business and industry. But risks can change over time. For example, in light of the Coronavirus pandemic, medical supplies and PPE are some of the riskiest areas when perhaps they weren’t a few years ago. In this episode, Nick speaks to Transparency International's Britta Niemeyer about how businesses can handle bribery, and what they should do about it. The anti-bribery compliance solution: https://vinciworks.com/anti-bribery/
Since Russia launched its invasion at the end of February, the west has imposed significant sanctions on Russia, Belarus, and Vladimir Putin’s oligarchs who fund his war. The rapidly evolving nature of the situation has made sanctions compliance an increasing challenge for businesses, but also one that is vital to understand. In this special episode, we look at sanctions compliance in the wake of the ongoing Russian invasion of Ukraine. Sanctions resource page: https://vinciworks.com/resources/sanctions/
In this episode, Director of Learning and Content Nick Henderson looks at what bribery at an international level looks like. Nick shares examples of potential bribery cases and unpacks best practice guidance. Anti-bribery resource page: https://vinciworks.com/resources/anti_bribery/
In this episode, Director of Learning and Content Nick Henderson is joined by Head of the Anti-Corruption Division in the OECD Directorate for Financial and Enterprise Affairs Patrick Moulette. Patrick will draw on important anti-corruption and bribery cases and what we can learn from them, as well as the industries most vulnerable to bribery and corruption.
VinciWorks' anti-bribery compliance solution: www.vinciworks.com/bribery
Welcome to the first episode of our brand new podcast! In this episode, VinciWorks' Director of Learning and Content Nick Henderson and Director of Best Practice Gary Yantin discuss the basics of anti-bribery and corruption. Gary gives some insight on the warning signs and red flags to look out for and the need to go beyond tick-box compliance. We also look at instances where gifts and hospitality are in fact bribes. Learn more about our anti-bribery compliance solution: https://vinciworks.com/anti-bribery
We are excited to announce the launch of our new podcast, Compliance 101. Our first series is all about bribery and corruption. Director of Learning and Content Nick Henderson will bring you interviews and analysis, discuss the latest news stories, explore new regulations and look at what they might mean for your business. Learn more: https://vinciworks.com/
Whistleblowing is a fundamental part of good governance, and vital for any business concerned about their ESG score. But whistleblowing rules differ widely between countries, with the UK, US, and now the EU Whistleblowing Directive all mandating differing levels of protection for whistleblowers. In this episode, we review the whistleblowing regulations across the US, UK and EU, what the new EU Directive means, and what best practice looks like for whistleblowing compliance.
More info on whistleblowing training and reporting solutions: www.vinciworks.com/whistleblowing
Implementing an ESG programme can seem like a daunting task. From reporting methodologies to external ratings, there's a lot to consider.
In this episode, we look at the steps that any business can take to begin thinking about an ESG programme. Whether you have an extensive, carbon-heavy supply chain or are in professional services, ESG reporting doesn't have to be complicated.
The ESG resource library: https://vinciworks.com/resources/esg/
Despite the ongoing pandemic, compliance departments can still enter the new year with a sense, if not an outline, of what should be on their agenda in 2022. Preparing for rapid, sudden changes in 2022, from new Covid-19 variants to supply chain problems or catastrophic climate events, should still be high on every compliance officer’s agenda. But that doesn’t mean planning for the expected should take a back seat.
In this episode, our Director of Best Practice Gary Yantin and Director of Learning and Content Nick Henderson looked at the regulatory and compliance horizon for the upcoming year.
Free compliance resources: www.vinciworks.com/resources
In the first criminal prosecution of a financial institution by the Financial Conduct Authority (FCA), a litany of failings took place at NatWest which enabled black bin liners stuffed with cash to be deposited, literally bursting out of floor-to-ceiling branch safes.
In this short episode, Director of Learning and Content Nick Henderson takes us through exactly what happened and why the crime was allowed to be carried out for so long without being flagged.
VinciWorks Compliance: www.vinciworks.com
On 30 November 2021, HMRC published its draft UK Mandatory Disclosure Rules (MDR) and released its consultation which seeks views on the design of the draft regulations. The consultation will be open until 8 February 2022. The UK MDR is expected to come into force in summer 2022, replacing UK DAC6.
In this episode, we are joined by John Sandeman, HMRC’s policy official for Mandatory Disclosure Rules, who will help you get to grips with the UK MDR and how it applies to your organisation. John will also answer attendee questions.
VinciWorks' MDR reporting solution: https://vinciworks.com/products/omnitrack/mdr/
The UK recently hosted the UN Climate Change Conference, known as COP26. This summit is one of the most consequential climate events since the negotiation of the Paris Agreement in 2015 and was attended by world leaders, politicians, business chiefs, climate change campaigners and sustainability experts.
In this episode, we’re joined by the UK Sustainable Investment and Finance Association's Chief Executive James Alexander and their Senior Policy and Communications Manager Oscar Warwick Thompson. We hear about ethical investing and how businesses can set themselves apart through net-zero commitments and ESG compliance.
ESG training and reporting solution: www.vinciworks.com/esg
Following multiple delays, DAC6 has now been in force in most EU Member States since January 2021. Businesses across Europe are now reporting on cross-border transactions, with many still grappling with when, how and what they need to report.
In this episode, Director of Best Practice Gary Yantin and Head of Legal and Product Research Ruth Mittelmann Cohen discuss the challenges that intermediaries and taxpayers face, give an overview of how the different EU Member States and the UK have implemented DAC6 and reveal the reporting patterns emerging from the different tax authorities. They also give an update on the UK’s consultation document on MDR.
Useful resources:
- DAC6 resource page: https://vinciworks.com/resources/dac6/
- DAC6 training and reporting: https://vinciworks.com/products/dac6/
In this episode, Director of Best Practice Gary Yantin and Director of Learning and Content Nick Henderson will explore the regulatory agenda for the next few months and beyond. We will be covering changes to data protection regulations in the UK, proposed "failure to prevent" anti-harassment rules, tax evasion regulations in light of the Pandora Papers and more.
Download the regulatory agenda for October: https://vinciworks.com/resources/download/?resource=regulatory-agenda-october-2021
The UK government’s consultation on reforming data protection, launched on 9 September, sets out a radically different framework for data protection than GDPR. From re-orientating the Information Commissioner’s Office to new ways for businesses to process data, these far-reaching reforms are set to have a significant impact on businesses.
In this episode, our Director of Learning and Content takes us through what the potential changes are and how they might affect the way we process data.
Free GDPR resources: https://vinciworks.com/resources/gdpr/
As COVID-19 restrictions are lifted and businesses begin to return to the office, companies are taking a variety of approaches to managing the transition. While some are staying at home for now and others have gone back full time, most are opting for a hybrid working policy. But many people are anxious, or at least conflicted, about returning to in-person work, with these worries likely to be exacerbated for those requiring reasonable adjustments.
In this episode, we delve into the challenges faced by disabled staff during the pandemic, and the impacts on inclusion in changing workplace practices. We will also discuss how to ensure reasonable adjustments are made for disabled staff, and how to ensure all staff feel included in return-to-office policies.
Diversity training suite: https://vinciworks.com/courses/diversity-and-inclusion/
As COVID-19 restrictions are lifted and businesses begin to return to the office, companies are taking a variety of approaches to managing the transition. While some are staying at home for now and others have gone back full time, most are opting for a hybrid working policy. While this might be a sensible and fair solution for the time being, having staff work both at home as well as the office raises several data security and GDPR compliance concerns.
we are joined by Dechert LLP’s Director of Risk and Compliance Mohbub Rahman to explore the key things you need to remember to keep data safe during the latest transition.
GDPR resource page: https://vinciworks.com/resources/gdpr/
A strong code of conduct is vital for employees to know what is expected of them.
How do you ensure your staff are able to easily grasp your code and put it into practice without feeling overwhelmed or bored? And how do you succinctly cover topics as diverse as discrimination and harassment to bribery and cyber security?
In this episode, we are joined by Hershey’s Head of Ethics and Compliance, Sonia Zeledón, to explore the challenges of effectively managing and training on codes of conduct.
Related resources
VinciWorks' build-your-own code of conduct training: https://vinciworks.com/courses/code-of-conduct/
Hershey's code of conduct: https://www.thehersheycompany.com/content/dam/corporate-us/documents/investors/code-of-conduct-english.pdf
In this short episode, we interview Sonia Zeledón, Hershey's Head of Ethics & Compliance, to explore how Hershey's, a global confectionary company, has gone about updating and sharing its code of conduct. Sonia shares why Hershey decided to update its code, the importance of branding and the inspiration behind unique innovations within their code.
Related resources:
VinciWorks' build-your-own code of conduct training: https://vinciworks.com/courses/code-of-conduct/
Hershey's code of conduct: https://www.thehersheycompany.com/content/dam/corporate-us/documents/investors/code-of-conduct-english.pdf
With the UK's COVID-19 vaccination roll-out in full swing, many companies are reevaluating their office policies and home working rules as legal restrictions are repealed.
In this episode, our Director of Learning and Content Nick Henderson explores some of the mental health aspects of returning to the office, sharing some ideas and tools to help manage this transition for your workforce.
COVID-19 resource page: http://www.vinciworks.com/covid-19
In 2017, the UK enacted The Money Laundering, Terrorist Financing and Transfer of Funds Regulations. Over the past few years, there have been a number of changes to these regulations. To help those governed by the Regulations navigate the ever-changing AML landscape, certain bodies have compiled industry-specific guidance. Two of those bodies are the Legal Sector Affinity Group (LSAG) and The Joint Money Laundering Steering Group (JMLSG).
Their guidance was published for the legal and financial sectors respectively. However, the risks faced by an organisation will vary on a case-by-case basis. Accordingly, many of our clients are still unsure as to what constitutes best practice, particularly with regards to carrying out onboarding risk assessments.
In this episode, our experts explore the latest guidance, why it is necessary and what best practice reporting looks like.
Free AML resources: www.vinciworks.com/aml
With so much Learning and Development content around, it can be hard to keep up with what’s new and interesting in the sector. That’s why VinciWorks have reviewed what’s new in the world of L&D. In this short episode, we’ll help you uncover what the thought leaders and trendsetters are saying, all in one place. This means you can stay at the cutting edge of e-learning in less time.
VinciWorks' full course catalogue: https://vinciworks.com/courses/
The EU’s General Data Protection Regulation (GDPR) has now been in force for three years. During that time, fines have reached a total of over €280 million, the UK has left the EU and the ICO has announced that there will be a new Commissioner from October.
On the three year anniversary of GDPR coming into force, we are joined by White & Case LLP's Global Information Governance Director Richard Hogg and VinciWorks' DPO Ruth Mittelmann Cohen to look at the last three years of GDPR. We also explore the effect the regulation has had on the way we collect and process data and what we can expect in the next 12 months.
Free GDPR resources: https://vinciworks.com/resources/gdpr/
From the EU's upcoming Corporate Due Diligence and Corporate Accountability Directive to the FCA's Climate-Related Financial Disclosures and the SEC's new framework for ESG disclosure, corporate accountability is changing.
During this episode, our experts will help you understand the future of corporate accountability rules, and how to stay on top in the changing world of corporate compliance.
In this episode, Director of Best Practice Gary Yantin and Director of Learning and Content Nick Henderson will explore the regulatory agenda for the next few months and beyond.
Download the regulatory agenda for April: https://vinciworks.com/resources/download/?resource=regulatory-agenda-april-2021
The EU's Posted Workers Directive aims to ensure that employees sent (or "posted") from one EU country to another are granted the same working conditions as local employees. It creates a significant compliance burden for employers in the EU that regularly send employees to other EU countries.
In this episode, our experts explore the extent to which organisations are impacted by PWD and what they need to do to comply.
Learn more about reporting solution: www.vinciworks.com/pwd
The Criminal Finances Act and other global legislation have placed anti-tax evasion measures on the corporate risk and compliance agenda. The past year has shown us that tax evasion enforcement is only ramping up. Increased investigations, large fines and new laws have demonstrated that there has never been a more important time to ensure that everyone in your organisation is on board with your compliance programme.
In this episode, our experts explore the impact of tax evasion regulations over the past few years and give best-practice guidance on compliance.
In this episode, our Director of Best Practice Gary Yantin and Head of Legal and Product Research Ruth Mittelmann Cohen share the latest updates on the Mandatory Disclosure Rules in Argentina. They will look at what MDR means in Argentina, the timescales, the penalties and who needs to comply.
VinciWorks' MDR reporting solution: www.vinciworks.com/mdr
Free compliance resources: www.vinciworks.com/resources
In this episode, Director of Best Practice Gary Yantin and Head of Legal and Product Research Ruth Mittelmann Cohen discuss the OECD's Mandatory Disclosure Rules (MDR). We look at what MDR looks like in the EU, UK, Mexico, Gibraltar and Argentina and give best practice reporting guidance.
MDR reporting solution: www.vinciworks.com/mdr
DAC6 resources page: www.vinciworks.com/dac6
In this episode, our Director of Best Practice Gary Yantin and Head of Legal and Product Research Ruth Mittelmann Cohen share the latest updates on the Mandatory Disclosure Rules in Gibraltar. They will look at what MDR means in Gibraltar, the timescales, the penalties and who needs to comply.
VinciWorks' MDR reporting solution: www.vinciworks.com/mdr-gibraltar
Free compliance resources: www.vinciworks.com/resources
In this episode, we were joined by Head of the OECD’s Anti-Corruption Division Patrick Moulette and Transparency International’s Global Business Integrity Programme Lead Britta Niemeyer.
These leading international bribery and corruption experts discuss the challenges businesses face in building a strong anti-bribery and corruption programme in 2021, and give their insights into how businesses can best fight bribery.
Anti-bribery resource page: https://vinciworks.com/resources/anti_bribery/
Gary Yantin is joined by VinciWorks’ Head of Legal and Product Research Ruth Mittelmann Cohen for our brand new podcast series covering the OECD’s Mandatory Disclosure Rules around the world. In each episode we will be covering a different country’s Mandatory Disclosure Regime or sharing the latest updates on MDR and DAC6.
In this episode we look at what MDR means in Mexico, the timescales, the penalties and who needs to comply.
Resources:
VinciWorks’ MDR reporting solution: www.vinciworks.com/mdrmexico
Guide to Mexican MDR: https://vinciworks.com/resources/mdr/mexican-mdr-guide.pdf
As of 1 January 2020, all “intermediaries” involved in cross-border arrangements in an EU member state that meet certain hallmark categories are required to begin reporting those arrangements. Some businesses are fully compliant with DAC6 while others have only recently started preparing. VinciWorks has implemented DAC6 reporting systems for over 40 firms, including seven of the top ten UK firms.
In this episode, we explore best practice for reporting, regardless of where you are in this challenging compliance process. We also answer attendee questions.
Join us for our next webinar: https://vinciworks.com/webinars/
Unexpectedly, and despite comments to the contrary, the UK has decided to repeal DAC6 and implement its own MDR regime. Until this happens, DAC6 still applies in the UK for Hallmark D. Considering that the UK has been a leader in the fight against corruption and tax evasion, its version of MDR will possibly be broader and even more stringent.
In this episode we help law firms and multinational businesses grapple with these changes.
DAC6 resources: www.vinciworks.com/dac6
DAC6 is a European directive aimed at reducing international tax evasion and promoting transparency. It requires any company that serves as an “intermediary” to a cross-border tax arrangement to assess that arrangement and report it to the tax authorities in some situations.
DAC6 potentially creates a significant compliance burden for companies that are party to a cross-border transaction, even if their role seems incidental. Many investment funds and banks, as well as multi-national corporations, will be exposed to liability under DAC6.
In this episode, VinciWorks’ DAC6 experts will offer guidance on what the Directive means for businesses and how businesses with and without in-house legal teams are managing the DAC6 process and reporting.
DAC6 resource page: www.vinciworks.com/dac6
DAC6 has now been in force for over three months, with intermediaries and businesses in Germany already having to report historical transactions.
Over the past 18 months, VinciWorks has consulted with international law firms, accounting firms, corporate compliance teams and tax authorities to help them grapple with the Directive and develop best-practice for DAC6.
In this episode, we gave our listeners the opportunity to have their questions answered by our Legal and Research Executive Ruth Mittelmann Cohen and Director of Best Practice Gary Yantin.
DAC6 resource page: http://www.vinciworks.com/dac6
To help businesses keep track of updates in UK legislation and policies, VinciWorks regularly publishes a regulatory update. Since our last update in May, the government has released further guidance on getting back to work safely as and when each industry begins its efforts to get back to normal.
In our very first episode, Director of Learning and Content Nick Henderson gives an overview of regulatory changes or new regulations recently passed, proposed, or on the agenda which are relevant to key compliance areas of VinciWorks’ clients in the UK. These include Acts of Parliament relating to COVID-19.
Related resources:
- Download our full Regulatory Agenda: https://vinciworks.com/resources/download/?resource=regulatory-agenda-june-2020
- Download our guide to compliance during COVID: https://vinciworks.com/resources/download/?resource=covid-19-back-to-work
The UK government has begun to encourage businesses in certain industries to return to work where possible. While many professional services firms and other primarily office-based businesses are still working from home, it is important to understand the steps that need to be taken as and when it is safe to return to the office.
In this episode, our Director of Learning and Content Nick Henderson gives guidance on how staff can keep themselves and their colleagues safe in the office.
Additional resources
- COVID-19 resources: www.vinciwork.com/covid-19
- Health and safety training and reporting: www.vinciworks.com/ohs
Financial uncertainty and social change are breeding grounds for fraud. Where there is financial uncertainty, there is opportunity for financial crime. Google has seen more than 18 million corona or COVID-19 related malware and phishing attacks per day.
In this short episode, our Director of Learning and Content Nick Henderson takes us through the schemes scammers are deploying to exploit the pandemic. He discusses changes to client due diligence procedures and money laundering rules when you cannot meet in person. He also shares guidance on how to protect your business against these risks.
Related resources
- Anti-money laundering resource page: https://vinciworks.com/resources/aml/
- COVID-19 resource page: https://vinciworks.com/resources/covid-19/
DAC6 is a new EU tax directive designed to reduce tax avoidance through new mandatory reporting requirements. Once reporting requirements begin, any company that undertakes international tax arrangements could be affected by DAC6.
In our next webinar, Director of Best Practice Gary Yantin and Legal and Research Executive Ruth Mittelmann Cohen will take us through multinational taxpayers’ responsibilities with regards to reporting cross-border transactions in line with DAC6.
Related resources:
- DAC6 resource page: www.vinciworks.com/dac6
Over half of the world is currently under lockdown, and one of the greatest challenges many organisations face is how to keep operating as close to normal as possible during this time. Unfortunately, during these times, compliance can often take a back seat, but GDPR hasn’t gone away.
In this episode, our Director of Learning and Content Nick Henderson takes us through the key things you need to remember to keep data safe during the current coronavirus crisis. He also gives guidance on how to ensure you prevent GDPR breaches while working remotely.
Useful resources
- COVID-19: Working From Home course: https://vinciworks.com/courses/coronavirus/covid-19-working-from-home
- GDPR resources page: https://vinciworks.com/resources/gdpr/
At the end of March 2020, HMRC shared with VinciWorks the latest version of its draft guidance. While the final guidance is not expected until later on in the year, the draft guidance gives much insight into HMRC’s view of this challenging piece of legislation.
In this episode, VinciWorks’ Legal and Research Executive Ruth Mittelmann Cohen and Director of Best Practice Gary Yantin take us through the details of HMRC’s latest draft guidance on DAC6.
Resources
- DAC6 resource page
- DAC6 reporting and training solution
There has been increasing public awareness, political concern, and corporate action on mental health in the UK in recent years. This comes amid more referrals to mental health services, an explosion in prescriptions for anti-depressants, an increase in work days lost to mental health problems, and a stark rise in suicide, particularly among young men. In light of the current COVID-19 pandemic, stress and anxiety will only be exacerbated.
In this episode, we explore employers' moral and legal responsibility towards their staff’s wellbeing. We were also joined by DAC Beachcroft’s Head of Employee Relations Ben Morris and Pinsent Masons LLP’s Diversity and Inclusion Consultant Kate Dodd to explore initiatives that businesses have introduced to good effect and what lessons have been learnt.
In this episode, Director of Best Practice Gary Yantin and Research and Legal Executive Ruth Cohen shared the key findings of HMRC’s final legislation and its consultation and gave guidance on best practice to firms on their reporting requirements under DAC6. We also received several questions from our listeners and tried to get through as many as we could.
Some helpful resources:
- DAC6 reporting and training solution
- DAC6 country-by-country guide to implementation
- DAC6 resource page
On 10 January 2020 The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 came into force. This statutory instrument updates the UK’s existing anti-money laundering legislation to take account of the Fifth Directive. With the UK due to exit the European Union just three weeks after, what will the future of money laundering regulation look like?
In this webinar, our experts gave guidance on the application of the Fifth Directive in the UK and what to watch out for in the post-Brexit UK money laundering regime.
The webinar covered:
- What will the future of money laundering regulation in the UK look like?
- What are the key changes under the Fifth Directive?
- Answering questions from registrants
Useful resources:
- Download a free guide to the Fifth Directive
- Online risk-based AML training
In this webinar, VinciWorks' Director of Course Development Nick Henderson will be joined by Professor Andrew Sharman, Managing Partner of RMS, and President of IOSH (the Institution of Occupational Safety & Health). Professor Sharman will call on his over two decades of experience in consulting with FTSE 100 and Fortune 500 companies such as Amazon, Coca-Cola, Carlsberg, IKEA and Mercedes-Benz to discuss some of the key trends in workplace health and safety and give guidance on improving health and safety culture at work.
Useful links
- Purchase one of Professor Sharman's best sellers
- About VinciWorks
On 25 November 2019, the changes to the SRA Handbook, now known as the SRA Standards and Regulations, came into force. To help solicitors understand their requirements under the reforms, our Director of Best Practice Gary Yantin was joined by the SRA’s Policy Associate Jatinderpal Loyal to answer our listeners' questions.
Useful links
- SRA Standards and Regulations training
- STaRs whitepaper
- Blog - What are the key changes?
The Public Interest Disclosure Act 1998 (PIDA) provides protection for whistleblowers. Under PIDA, employees who make “protected disclosures” can claim unfair dismissal if their contracts are terminated due to the disclosures. Further, the EU Commission has recently announced a new law that aims to increase protections for whistleblowers.
In this episode, we are joined by the EU Commission’s Policy Officer Maria Mollica to share guidance and insights on the upcoming EU Whistleblowing Directive. We also share guidance on complying with existing UK whistleblowing law.
- Whistleblowing reporting and training solution
- Guide to the EU Whistleblowing Directive
The Economic and Financial Affairs Council of the European Union (ECONFIN) has adopted the 6th Directive on Administrative Cooperation (“DAC6”), requiring tax intermediaries to report certain cross border arrangements. Under DAC6, intermediaries may be required to submit all cross-border transactions and backdate them when member states publicise their requirements.
In this episode, Legal and Research Executive Ruth Cohen and Director of Best Practice Gary Yantin helped dissect the new regulation and gave guidance on reporting and training requirements under DAC6.
Links
- DAC6 training and reporting solution
- Guide to DAC6
Promoting diversity and inclusion in the workplace means more than simply updating policies or adding a new initiative. Effecting such change requires a continuous push to holistically improve the business culture. In this webinar, VinciWorks will be joined by law firm Pinsent Mason’s Diversity & Inclusion specialist Kate Dodd. Kate and her team worked with VinciWorks to create groundbreaking diversity training and Kate’s team was instrumental in winning first place in LGBT charity Stonewall’s most inclusive places to work for 2019.
We will look at the initiatives implemented by Kate and her team and explore how organisations can apply them to their own workplace.
To learn more about VinciWorks' diversity training visit: www.vinciworks.com/diversity
As we approach a year since GDPR came into force, we will re-visit our popular GDPR Mythbusters series with a new round of questions and answers about data protection. Join us for a new webinar where our GDPR expert Nick Henderson tackles topics such as:
- Are huge GDPR fines a myth?
- Does anyone actually care about GDPR compliance?
- Does enforcement really go beyond EU borders?
- Does GDPR apply to me if I'm not based in the UK?
- Does GDPR require me to appoint a DPO?
Show Notes
VinciWorks GDPR Resources
Standard clauses
As we approach a year since GDPR came into force, we will re-visit our popular GDPR Mythbusters series with a new round of questions and answers about data protection. Join us for a new webinar where our GDPR expert Nick Henderson tackles topics such as:
- Are huge GDPR fines a myth?
- Does anyone actually care about GDPR compliance?
- Does enforcement really go beyond EU borders?
- Does GDPR apply to me if I'm not based in the UK?
- Does GDPR require me to appoint a DPO?
Show Notes
VinciWorks GDPR Resources
Standard clauses
Alex Brown is the head of Simmons & Simmons’ technology, media and telecommunications sector and a partner in the Information, Communications & Technology Group. He advises on outsourcing and commercial ICT contracts for users and suppliers of ICT products and services. He also has a particular specialism in data protection and privacy.
For more information about GDPR and GDPR training visit: https://vinciworks.com/gdpr