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.

Continue reading

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.

Continue reading

Guide to anti-money laundering in 2018

 

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.

Download an anti-money laundering compliance timeline for 2018

There are some important money laundering milestones to bear in mind for 2018. VinciWorks has published a month by month guide to anti-money laundering in 2018. The guide, 2018 – the year in money laundering, includes some of the key upcoming moments that relate to money laundering in 2018, including the fallout from the Fourth Directive, preparing for other crucial changes such as GDPR, and the expected FATF review of the UK.

Download guide

Anti-money laundering e-learning training

VinciWorks’ latest anti-money laundering course, AML: Know Your Risk, covers six interactive modules and allows users to delve into realistic anti-money laundering scenarios. Users can also receive instant feedback on their answers to the questions in the course. You can demo the course for free here.

The Fourth Directive and politically exposed persons – what you need to know

Money in water

Under the Fourth Directive, the rules involving politically exposed persons (PEPs) are no longer limited to foreign officials. Local PEPs will now be subject to the same scrutiny as foreign PEPs. Here are some key guidelines regarding PEPs, the regulations regarding them and how to spot red flags.

Politically Exposed Person (PEP) Definition

A politically exposed person is defined as an individual who is entrusted with prominent public functions, including members of legislative bodies, government ministers, judges, high ranking members of the armed forces and senior officials of state-owned enterprises. The Fourth Directive extended the definition of politically exposed persons to include domestic citizens, as well as foreign ones.

Continue reading