Monthly Archives: January 2015

VinciWorks 10-year special report: A Decade of Compliance

It is incredible to think that it has been 10 years since 14 fiercely competitive law firms got together as the Online Compliance Consortium (OCC) to jointly develop an AML course. That moment began a journey of collaborative development, which has continued to create great compliance solutions and set global standards.

Based on the principle that there is no competitive advantage in compliance, the OCC has grown to include over 150 leading firms. The OCC has developed over 50 compliance courses and collaboratively built state-of-the-art learning, compliance and risk management solutions.

To mark the occasion of our tenth anniversary, we have created the VinciWorks 10-year report: A Decade of Compliance.

Click here to download

VinciWorks decade report

Including articles by Nick Cray, COO of Hogan Lovells, and renowned BBC legal correspondent, Joshua Rozenberg, this report reflects on VinciWorks’ efforts to create a safer, fairer and more honest world. The report celebrates the strides we have taken so far and offers a roadmap for managing compliance and risk issues into the future.

We hope that you enjoy reading it as much as we enjoyed writing it.

23 Leading Law Firms Collaborate with VinciWorks on Release of New Anti-Money Laundering Courses

Based on the principle that there is no competitive advantage in compliance, the firms pool their resources to establish industry best practice.

London, UK. The gold-standard Anti-Money Laundering training has undergone its largest update since 2004. Spearheaded by VinciWorks — a leader in online training, compliance and risk solutions — AML experts from 23 of the world’s leading firms have reviewed, rewritten and re-established the industry standard for AML training.

The new courses include 100% new scenarios and exercise questions, as well as a completely new interface. The courses are shorter, easier to read, cleaner and even more engaging than previous versions. The courses also include additional customisation options for firms to insert their own content and links.

Che Odlum, Compliance Manager- Financial Crime and Sanctions at DLA Piper UK, who participated in the core group remarked on the process, “I highly value the opportunity to work collaboratively with my peers from other leading firms. By sharing knowledge, experience and resources, we are able to produce better solutions and establish best practice.“

Guy Powell, another core-group participant and Head of Compliance and Standards at Hogan Lovells said, “One of the strengths of VinciWorks is facilitating the collaborative process. By collaborating, the core group benefits from peer expertise, and thereby produces better solutions that achieve our mutual compliance goals and importantly does so at a lower cost.”

The core group that participated in this anti-money laundering update included: Allen & Overy, Ashton KCJ, Bevan Brittan, Blake Morgan, Cleary Gottlieb Steen & Hamilton, CMS Cameron McKenna, Collyer Bristow Solicitors, Debevoise and Plimpton, DLA Piper, DWF, FBC Manby Bowdler, Herbert Smith Freehills, Hogan Lovells, Holman Fenwick & Willan, Macfarlanes, Matthew Arnold & Baldwin, Mills & Reeve, Shearman & Sterling, Shepherd & Wedderburn, Teacher Stern, Thomas Cooper, Vanderpump & Sykes, Weil Gotshal & Manges.

According to VinciWorks CEO, Howard Finger, “This AML project is yet more evidence that when there is no competitive advantage, sharing makes sense. The concept of collaborative development has been working since 2004 and continues to produce outstanding products that establish best practice, mitigate regulatory risk and reduce the cost of compliance. It is exciting that in 2015 we will be facilitating the model amongst groups of firms in the accounting, financial services and energy sectors.”

The new AML courses are available starting today. Click here to learn more and schedule a demo, visit www.vinciworks.com/aml. To learn more about the collaborative development model and the opportunity for your sector, contact us at www.vinciworks.com

About VinciWorks

Founded in 2002, VinciWorks is the world’s leading provider of online compliance solutions serving the global legal market and other regulated professions.

VinciWorks prides itself on its ability to identify and develop solutions that address client-specific requirements.

Behind VinciWorks’ products lie core strengths in content development, instructional design, online heuristics, enterprise-strength database and web programming and highly responsive customer service.

VinciWorks’ vision is to create a safer, fairer and more honest world by facilitating the world’s regulated sector in the collaborative development of innovative risk and compliance solutions.

To learn more visit: www.vinciworks.com

Contact

Yehuda Solomont
Marketing Manager
Phone: +44 (0)20 8815 9308
Email: yehuda (dot) solomont (at) vinciworks (dot) com