2019 was another important year of growth from VincWorks, with 38 new compliance courses, 9 webinars with industry experts and the release of our new revolutionary compliance tracking tool, Omnitrack.
With the dust settling on GDPR, we focused our attention on new compliance topics and areas on the regulatory horizon. Below is a list of the areas that we focused on in 2019 and will continue to be a focus in 2020.
Compliance training roundup
During 2019 users completed an average of 4 compliance courses and 1.5 hours of compliance training.
The most popular compliance training topics were:
- Cyber security
- Anti-money laundering
- Data protection
- Anti-bribery
- Criminal Finances Act
- SRA regulation
- Diversity and inclusion
Those topics constituted over 80% of all compliance training time in 2019.
The ten most popular courses were:
- Cyber Security: Practical Applications
- GDPR: Privacy at Work
- Tax Evasion: Failure to Prevent
- Anti-Bribery: Know Your Deal
- SRA Standards and Regulations: Fundamentals
- GDPR: The Basics
- AML 360
- Diversity: A Practical Overview
- Anti-Bribery: A Practical Overview
DAC6
DAC6 is a European regulation aimed at reducing international tax evasion and promoting transparency. DAC6 requires lawyers, accountants, tax advisers, bankers and other “intermediaries” to report some aggressive cross-border tax arrangements. These “mandatory disclosure requirements” (MDR) are for tax transactions that cross EU borders, where it seems that the primary purpose of the transaction is a tax advantage.
Compliance guidance
- DAC6: A Guide to Compliance
- DAC6: Guidance on HMRC Reporting Requirements
- DAC6 flow chart – Which transactions are reportable under DAC6?
- DAC6 – dealing with transactions that change over time DAC6 compliance – Category A: Generic hallmarks – which transactions should you be aware of?
- On-demand webinar: DAC6 — Understanding tax disclosure requirements
- DAC6 compliance – Category B: Specific hallmarks – which transactions should you be aware of?
- DAC6 compliance – Category C: Specific hallmarks relating to cross-border transactions – which transactions should you be aware of?
- DAC6 – Category D: Specific hallmarks concerning automatic exchanges of information and beneficial ownership
- DAC6 – Category E: Specific hallmarks concerning automatic exchanges of information and beneficial ownership
News
- DAC6: Will you need to report?
- HMRC releases draft regulations and consultation on DAC6
- DAC6 Core Group roundtable meeting summary
- Second DAC6 core group roundtable meeting summary
- Poland becomes the first country to incorporate DAC6 into local legislation
Training and reporting solutions
Other tax issues
SRA Standards and Regulations
On 25 November 2019, the new SRA Standards and Regulations come into effect, replacing the SRA Handbook. The SRA Standards and Regulations stipulate the behaviours, standards and requirements expected by solicitors and all employees in SRA regulated firms.
- SRA Standards and Regulations comprehensive training suite
- SRA Standards and Regulations 2019 comprehensive whitepaper
- The SRA Standards and Regulations – What are the key changes?
- Webinar: Understanding the SRA Regulatory Reforms
- Webinar: SRA Standards and Regulations – Your questions answered
News
- All SRA Standards and Regulation Changes approved by LSB
- SRA releases guidance to help you better understand the key changes in the SRA Standards and Regulations
- New SRA Standards and Regulations are set to come into force in November 2019. How can you prepare?
- SRA Handbook update – Launch of new SRA Standards and Regulations moved to November 2019
- SRA puts firms on notice for money laundering compliance checks – risk assessment
Whistleblowing
- Guide to the new EU Whistleblowing Directive
- Upcoming webinar: Whistleblowing — Understanding your rights and responsibilities
- VinciWorks to release new whistleblowing training
- Bells & Whistles: Whistleblowing Portal or Corporate Hotline?
- VinciWorks’ whistleblowing portal – Provide seamless, anonymous reporting
Cybersecurity
- Analysis: What 16,000 people can tell us about the state of phishing
- Cyber security breaches register with Omnitrack
- New course release – Phishing Challenge 3.0
- Three Phishing Challenges to assess employee risk
GDPR
The General Data Protection Regulation (GDPR) had its first birthday in 2019. GDPR is here to stay and compliance is an ongoing process that even Brexit will not stop. The past 18 months of GDPR have provided us with some perspective on how it is enforced, what the fines will be and how compliance looks in practice.
Compliance guides
- Updated GDPR guide to compliance
- GDPR training requirements – Your how-to guide to data protection training
- How often should staff train on GDPR?
- On-demand webinar: GDPR – A Year in Review
- On-demand webinar: GDPR Mythbusters 2019 – Are you compliant?
- Get ePrivacy done. Unleash GDPR’s potential.
News
- British Airways data breach – GDPR fines may reach new heights
- Data Protection Day 2019: How compliant are you?
- VinciWorks releases GDPR refresher training with specialised modules
Mythbusters
- GDPR Compliance Myth #7: Huge GDPR fines never really happen
- GDPR Compliance Myth #8: GDPR enforcement doesn’t go beyond EU borders
- GDPR Compliance Myth #9: No one really cares about GDPR compliance
- GDPR Compliance Myth #10: Like the Bible, GDPR is not meant to be taken literally
- GDPR Compliance Myth #11: There’s no such thing as free will
- Will your Christmas cards cause a GDPR breach?
USA and the California Consumer Privacy Act
- The five basic data privacy rules for US compliance
- California Consumer Privacy Act 2018 – how to comply
- New course release – Data Privacy: Fundamentals
- The California Consumer Privacy Act – What you need to know
- What is the California Consumer Privacy Act and who does it apply to?
- Whitepaper: The California Consumer Privacy Act
Health and Safety
The Health and Safety at Work Act 1974 requires all businesses in the UK to provide whatever information, instruction, training and supervision is necessary to ensure the health and safety of employees at work.
- What are the main health and safety laws in the UK?
- OHS: Health and safety training requirements
- Health and safety at work: How to conduct a workstation display screen equipment assessment
- Health and safety compliance – take VinciWorks’ interactive ergonomics assessment
- Webinar: Health and safety at work — beyond ticking the box
- Occupational health and safety training package
- Occupational health and safety risk assessments
Anti-Money Laundering
- How will the 5th Money Laundering Directive affect cryptocurrencies?
- Preparing AML Training Plans for the Fifth Directive
- Upcoming webinar: The Fifth Anti-Money Laundering Directive – What Now?
- Anti-money laundering portal with Omnitrack
- Anti-money laundering – When and how to submit a suspicious activity report
- The Fifth Directive and how it affects enhanced due diligence
- SRA money laundering review – Firms not taking money laundering regulations seriously
- What is the Fifth Money Laundering Directive? What you need to know
- The Fifth Directive – The Compliance Officer’s guide to AML
- Cryptocurrency and blockchain: What’s the money laundering risk?
- Estate agents hit with surprise HMRC inspections
- VinciWorks’ Director for Legal Services shares 2019 compliance priorities for solicitors
Bribery
- New FCPA course – FCPA Knowledge Check
- The FCPA and its role in preventing bribery
- VinciWorks’ gamified FCPA training
Financial Crime
- Court rules to uphold CMA’s fine in steel tanks case
- In conversation with the CMA – businesses still unclear of the dangers of breaching competition law
- Insider trading and inside information policy template
- Market Manipulation – Understanding this dangerous phenomenon
- Market Rules training – VinciWorks releases two new courses
- On-demand webinar – Competition Law: Know Your Market
- VinciWorks’ risk-based antitrust law training
Harassment
- 2018 UK gender pay gap reporting deadline today
- Are businesses doing enough to support their pregnant employees?
- Government launches a consultation on sexual harassment in the workplace
- Harassment and Bullying at Work: MyStory – new version released for US compliance
- International Women’s Day 2019 – real stories collected from our training
- Online anti-harassment video training for managers & supervisors
- VinciWorks recognised for helping businesses stay on the right side of #MeToo
- Bells & Whistles: Whistleblowing Portal or Corporate Hotline?
- VinciWorks’ whistleblowing portal – Provide seamless, anonymous reporting
- On-demand Webinar: Diversity and inclusion — how to lead the way
- New course release – Diversity and Inclusion at Work: MyStory
Modern Slavery
- Australia follows Britain’s lead and finally implements a Modern Slavery Act
- Modern Slavery Act 2015 review – How close are we to a slavery-free Britain?
Compliance agenda
- What the UK election result means for compliance
- The elections are coming – Regulatory Agenda for the 2019 UK elections
- The UK has a new Prime Minister – Regulatory Agenda for July 2019
- Regulatory Agenda – June 2019
- What should be on your compliance agenda in 2019?
- Stay tuned for LMS innovations in 2020
- Annual compliance questionnaires – reporting and tracking challenges
- VinciWorks releases a record number of new online courses in 2019 – Summary
- New Course Available in Multiple Languages Including Emoji, Pirate and Yoda
