VinciWorks has just completed an update to its Anti Money Laundering eLearning course.

The course which was first launched in February 2017, defines the term Money Laundering and explains the different forms Money Laundering can take. It effectively highlights how criminals can target organisations and describes what should be done if illegal activity is suspected.

The recent fines of £6.2 Million levied on a leading high street bookmaker have brought the issue of Money Laundering back into the public eye. This follows events last year which saw the bookmaker return £500,000 to a Scottish council when it failed to spot £1m that was stolen and gambled through them by a council employee.

Completion of this course helps enable employees to identify the possible signs of Money Laundering. Factors such as business type, suspicious behaviour, payment patterns and geographical location are all addressed.

This interactive Anti Money Laundering eLearning Course course covers the following areas:

  • Enables users to understand the importance of regulatory bodies and what regulations are in place.
  • Describes the Financial Action Task Force (FATF)
  • Explains the significance of the Proceeds of Crime Act (PCA).
  • The importance of the National Crime Agency (NCA) is explained, the significance of risk assessments and need for a Money Laundering Reporting Officer (MLRO).

This course highlights the various stages of Money Laundering, including placement, layering, integration and payment methods. It discusses how to ensure your business is dealing with a legitimate organisation or individual.  The four stages of Customer Due Diligence (CDD) is explained and what to do if you need to report suspicious activity.

The update, prepared in conjunction with the Regulatory Team of Reynolds Porter Chamberlain LLP, includes additional optional content for people working in regulated sectors but is also applicable to anyone who handles money at work.

Looking for more in-depth and engaging business protection training courses? Explore our comprehensive eLearning library and try any of our courses for free.

HR Polices and Procedures book
To what extent will HR policies and procedures be affected by GDPR, which comes into force on 25 May?

With so much attention given to the marketing and IT departments when it comes to GDPR compliance, it’s easy to overlook the other parts of the business that will be impacted. HR is probably one of the most affected areas in a business, as the new rules apply to employee information as well, not just customers. GDPR is about the regulation of all personal data, and HR departments have a lot of it.

GDPR requires you to identify the lawful basis for processing data. This would normally be consent, i.e. the person agrees for their data to be processed. But GDPR complicates this when it comes to employee/ employer relationships. Under GDPR, consent has to be freely given, and not as a condition for another service, such as a job. Due to the imbalance in a relationship between the employee and the employer, it is not clear that relying on consent would hold up under GDPR. Consent can also be withdrawn at any time under GDPR, and without a fallback ready, processing activities would need to stop.

Continue reading

New anti-bribery training from VinciWorks

Anti-Bribery: Know Your Deal 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.

Demo the course

Continue reading

Lawyer writing in a ledger

“We don’t do marketing.” “We already comply with the DPA.” “We outsource our IT.”

Does the legal sector need to worry about GDPR?

These are all bedtime stories some in the legal sector have been telling themselves about GDPR. The truth is, like any business, the legal sector must be ready for GDPR-day in May. There’s a lot of evidence to suggest it isn’t.

Law firms are both controllers and processors of their client’s data, meaning there are quite a lot of rules that must be followed. Current data collection methods, particularly consent, must be reviewed before May. It’s crucial to review the conditions for processing data and identify the correct legal basis. Some conditions, like consent, may not be valid for all processing activities after May.

Continue reading

GDPR webinar banner

With GDPR day fast approaching, Director of Best Practice Gary Yantin and Director of Course Development Nick Henderson discussed the steps businesses should take to prepare. This was the first in a series of webinars on the topic of GDPR. You can download a recording of the webinar and the accompanying slides by clicking the button below.

Watch now

Continue reading

How do you ensure that your staff undertake the training most relevant to them? How can experienced staff learn at their own pace and avoid just repeating the basics? VinciWorks’ two new gamified courses, Anti-Bribery: Know Your Deal and Anti-Money Laundering: Know Your Risk, allow users to “test out” and demonstrate their mastery of the subject matter quickly.

How does “testing out” work?

AML suspicious transactions screenshot
In VinciWorks’ latest anti-money laundering course, users gain extra points by reviewing additional reading material

When completing these courses, users can jump directly to the scored scenarios and achieve the required number of experience points by answering everything correctly. Staff who answer incorrectly or who feel more comfortable reading background material first can choose to review the additional material and accrue enough experience points to complete each module that way.

Continue reading

Human trafficking victim with a sign saying she's not for sale
Despite the UK Modern Slavery Act coming into force in 2015, there are still millions of slaves around the world

UK report finds that almost 50% of FTSE 100 companies do not meet the minimum requirements set out by the Act

The second annual report on large companies’ efforts to ensure there is no modern slavery in their supply chain reveals disappointing results. The report shows that only 57% of the FTSE 100 companies are meeting the minimum reporting requirements set out by the UK Modern Slavery Act. It also reveals Marks & Spencer, Sainsbury and Unilever as the best performers, with Hargreaves Lansdown, Paddy Power Betfair, Pearson and Worldpay shamed as the weakest. With the UK seemingly a long way from solving the issue of modern slavery, this blog examines why modern slavery is still a problem today and what businesses are doing to tackle the issue.

Continue reading

Not having that awkward chat early on can lead to big problems down the line – particularly when it comes to issues with someone’s performance or behaviour. If you haven’t made your expectations clear, it can damage a claim defence in an employment tribunal case, so don’t beat about the bush and always tackle issues sooner rather than later.

A construction company has been fined for working at height violations, after a worker fell through a roof window opening, suffering broken ribs and a fractured hip.

The Magistrates Court in Luton heard how the employee of the firm was carrying out work on a new build extension when his foot slipped and he fell through a roof light gap.  He landed on the concrete floor below suffering two broken ribs and a broken hip.

The incident, which occurred on 26 July 2016 was investigated by The HSE.  They found that despite the firm having identified in risk assessments suitable measures to prevent falls, they had failed to implement these control measures at the time of the injured workers fall.

Sizeable fine for breach

The firm, based in St. Albans, pleaded guilty to breaching Regulation 4 of the Work at Height Regulations 2005 received a fine of £30,000 and was ordered to pay costs of £2,008.35.

HSE inspector Samantha Wells stated after the hearing,

“Falls from height remain one of the most common causes of work-related fatalities in this country and the risks associated with working at height are well-known.

“In this case, by putting in place measures to prevent falls through the skylight including boarding over the gaps, or providing a scaffold platform under the roof under construction, could have removed the danger of falling.”

Does your organisation provide adequate training for those working at height?

If you are concerned that employees are not be receiving Working at Height training and want to ensure that you have a robust system in place, VinciWorks can help.

Looking for effective Working at Height Training? Why not request a free trial and experience the full course today.