Monthly Archives: January 2018

Corporate social responsibility policy template

Symbol of corporate social responsibilityWhat is your organisation doing to embrace social responsibility? Social responsibility initiatives are not only good for the community, they build brand equity and reputation, and enhance client satisfaction. VinciWorks has created a free corporate social responsibility (CSR) policy template that can be used to clearly communicate CSR initiatives to clients and align employee behaviour.

Download policy template

What should be included in a CSR policy?

Here is some guidance on what to include in your corporate social responsibility policy:

Introduction

Begin the policy by acknowledging that the way your business is run affects society. While organisations have a responsibility towards their staff, clients and contractors, they must also consider the wider community in which they operate. The introduction should also state your organisation’s commitments to CSR.

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VinciWorks to release new anti-bribery course

New anti-bribery training from VinciWorks

VinciWorks will soon be releasing a new course, Anti-Bribery: Know Your Deal. The course drops users into immersive scenarios to test their knowledge, understanding and ability to uncover risks of bribery in their working life.

Despite the UK Bribery Act having come into force in 2010, bribery is still a hugely problematic issue in corporate life. Billions of pounds of fines are levied every year and frequent reports hit the headlines of investigations and prosecutions from the US Department of Justice and UK Serious Fraud Office.

Bribery cases have ensnared some of the world’s largest companies, biggest sporting bodies and most powerful politicians. The propensity for some people to act corruptly might never change, but our approach to training and compliance can.

In Anti-Bribery: Know Your Deal, users face a set of realistic characters and scenarios from all walks of life, some of whom may be trying to offer, or ask for, a bribe. It is up to users to assess each situation and decide on the best course of action based on company procedures and the law.

Preview the course

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VinciWorks’ online course plan

After a successful 2017 that saw over 170,000 course completions, we are excited to present our tentative plan for our new course releases and updates planned for 2018. Every year, Vinciworks plans its course schedule based on a combination of client feedback and prevalent compliance issues.

Updated cyber security training suite with two new courses

After several high profile cyber attacks exposed millions of systems in 2017, VinciWorks is set to release two mini courses to help staff protect themselves and their organisation from the latest threats. Each course can be completed in just five minutes. The two new courses are:

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Upcoming webinar: GDPR – are we ready?

21 FebruaryOn Tuesday 21 February at 12pm, Director of Best Practice Gary Yantin will be joined by Director of Course Development Nick Henderson to explore the challenges facing organisations in preparing for GDPR and give guidance on what still needs to be done.

The webinar will cover:

  • Is your organisation ready for the changes?
  • What are your biggest challenges?
  • Conducting Data Protection Impact Assessments (DPIA) and making the most out of them?
  • Dealing with sensitive categories of data
  • What to consider when appointing a Data Protection Officer
  • The Data Protection Bill 2018 There will be an opportunity for answering your questions.

The webinar will end with the opportunity to have any questions on the topic answered. You can register for the webinar by clicking on the button below.

Register now

GDPR: 10 things to do now

Data protection lock

The General Data Protection Regulation will come into full force on 25 May

The General Data Protection Regulation (GDPR) will officially come into force on 25 May 2018. GDPR’s reach is global. Any company that offers goods or services to anyone in the EU will be required to comply.

If you haven’t started to comply, or are not sure what to do next, following these steps will help ensure you are ready for GDPR day.

1. Undertake a data audit

Organising an in-depth data audit across your organisation and all parts of the business is crucial to understanding where data exists, how it is used, and what should be done next. Think of data like oil running through an engine; it powers your organisation and makes it function, but it can also leak if the various conduits are not working properly. After an audit, you should be better able to identify risks, weak spots and priority areas to address.

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VinciWorks to release new GDPR mini course

The General Data Protection Regulation (GDPR) is a major shakeup in data protection laws across all Member States of the EU. It will officially come into force on 25 May 2018, and as a Regulation, will automatically be applied in every Member State.

With GDPR just months from coming into full force, we are set to release a new mini course on the topic. The 15 minute course guides users through the changes being applied as a result of GDPR. Data Protection: Guide to GDPR will compliment our existing course, Data Protection: Privacy at Work.

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Anti-money laundering – how to spot suspicious transactions

Dollars from a suspicious transaction

Are your staff able to spot suspicious transactions when it comes to money laundering?

There are many ways that someone will try to launder money, meaning that spotting the crime before it’s too late can sometimes be challenging. Here is some guidance on how to spot suspicious transactions and best practice on how to deal with such suspicions.

Seven ways people may launder money

E-commerce

Definition: payment for a service or product online through a credit card and other electronic payment systems.

The risk: e-commerce payments create ample opportunity for money laundering and terrorist financing. Selling counterfeit goods online or no goods at all or making payments and transfers where the credit card or the user does not need to be verified are often a blind spot in AML prevention measures.

Tip: have strong identity verification measures and transaction monitoring in place. Using technology to uncover suspicious activity can help reduce the money laundering risk of online payments.

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What are your compliance training objectives for 2018?

Compliance and regulations imageThe beginning of a new year is a good opportunity to formalise learning objectives and prepare training schedules. With many new regulations implemented in 2017, and more to come in 2018, VinciWorks has prepared guidance to help you focus on the important compliance topics for the coming year.

General Data Protection Regulation

GDPR will be coming into full force on 25 May. Companies will need to implement staff training, rewrite their privacy policies, review the ways they currently obtain consent from data subjects and assess whether their processes will be valid under GDPR. You can learn more about preparing for GDPR here. We have also published a free data protection policy template and have released a GDPR training course.

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Diversity course updated to include guidance against sexual harassment

2017 ended with a flurry of allegations against high-profile men, many of whom in the music and entertainment industry, as well as allegations against members of Parliament. The allegations came to light following Hollywood producer Harvey Weinstein’s fall from grace after several women accused him of sexual assault and rape. In late 2017, the #MeToo campaign on social media, together with a BBC survey showing half of the women in the UK have been sexually harassed in the workplace, shed further light on how serious and rampant the issue of sexual harassment at work has become.

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Money laundering timeline 2018

Several rolls of US dollars

What to expect this year in AML

2017 was a big year in money laundering. The EU deadline for the implementation of the Fourth Money Laundering Directive came and went, with the UK passing its Money Laundering Regulations 2017 just in time, even as other EU nations rushed to catch up. However, the ink hadn’t even dried on the bills as the EU reached an agreement on the Fifth Money Laundering Directive late in December 2017, with the final text due to be agreed upon sometime in 2018.

Dealing with the fallout from the Fourth Directive, preparing for other crucial changes such as GDPR, and the expected FATF review of the UK are all set to ensure that 2018 is as significant a year in money laundering as the last one was.

Anti-money laundering compliance timeline for 2018

There are some important money laundering milestones to bear in mind for 2018. Here is a month by month guide to money laundering compliance.

January

The Sanctions and Anti-Money Laundering Bill was published last year and is due to begin its report stage in the House of Lords on 15 January. The bill is very much a function of Brexit, enabling the UK to impose sanctions and make updates and amendments to the AML regime in following the expected withdrawal of the UK from the EU in 2019.

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