VinciWorks’ most recent money laundering case study tells the story of a Jersey shelf company that was charged with money laundering and ultimately returned $3.7m in confiscated funds to Kenyan citizens, which was then used for much needed medical funds and pandemic relief.
There is much to be learned from this recent case study, a case which marked the first time Jersey repatriated confiscated assets to Kenya. VinciWorks’ case study about the corruption case explains what happened, how the case was cracked, how the funds were accessed, what the penalties were, and what the red flags in the case were, and points out innovative approaches that were taken in the course of resolving this case.
Read VinciWorks’ case study
The case study can provide valuable lessons for financial and other organisations on how to improve their AML compliance, risk management, due diligence, corporate governance, and ethical practices.
How VinciWorks can help with AML compliance
AML client onboarding solution
Omnitrack, VinciWorks’ AML client onboarding solution enhances both the risk assessment and document collection aspects of client onboarding.
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AML training suite – relevant training for all staff
VinciWorks strives to make its AML training more than simply a tick-box exercise.
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At a glance: AML ongoing monitoring
Automating the ongoing monitoring process can be the key to an effective and successful AML programme. Our one-page guide to ongoing AML monitoring provides a succinct and informative overview of ongoing monitoring including a definition, tips on how to comply with AML ongoing monitoring regulations, and answers the questions of who needs to be checked during ongoing monitoring, when to do CDD reviews, and what has to be recorded during ongoing monitoring.
How VinciWorks can help with anti-bribery
VinciWorks‘ suite of anti-bribery courses brings together gamified learning, personalised content, short bursts of information and refresher training. Our course builders make delivering the most relevant content to each employee easy, while real-life scenarios make the training engaging for the user.
