Is corporate compliance headed for a world of change under President Trump?
Amidst a pro-business sentiment and a penchant for deregulation, it is assumed that a new Trump administration means that regulations across the board will ease up. But in the current very complicated world, the situation is not that simple. National security issues Certain industries will of course experience less enforcement pressure – think energy and […]
Australian Parliament approves the AML/CTF amendment bill 2024
The long-awaited tranche 2 reforms are an important milestone in the country’s approach to compliance The Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Amendment Bill 2024 was finally passed by the Australian Parliament. The legislation represents substantial reforms to the AML/CTF regulatory regime and demonstrates a significant move in Australia’s efforts to combat financial crime. Australia […]
Teacher awarded £60K by employment tribunal
The decision was based on disability discrimination related to menopause In a decision that is likely to reverberate throughout the business sector, a teacher in Scotland was awarded £60K by an employment tribunal because she refused to move schools, stating that the move would exacerbate her menopausal symptoms. After the teacher refused, she was dismissed […]
EU, UK expand sanctions on Iran
More sanctions likely as an incoming Trump administration likely to echo this tough stance In an indication that sanctions will continue to be employed to combat terror financing, the EU and the UK just dropped new sanctions on Iran. The move comes in response to Tehran’s transfer of drones and ballistic missiles to Russia for […]
Tranche-2 is (finally) coming
What you need to know now about Australia’s AML/CTF reforms It’s increasingly likely that reforms to Australia’s AML/CTF Act (Tranche 2) will be implemented early 2025 and with the new laws likely to take force by 2026. It’s (finally) time for businesses to get ready . Australia has lagged the world in anti-money-laundering/counter-terrorism financing (AML/CTF) […]
Are you ready for DORA?
Designed to strengthen the digital resilience of the financial sector, the EU’s Digital Operational Resilience Act comes into force this January 2025’s focus on trying to get a handle on emerging technologies opens with the EU’s Digital Operational Resilience Act (DORA) which mandates that financial institutions and critical sectors strengthen their cybersecurity frameworks. It comes […]
SDT budget rises by an incredible 25%
Increase in response to a flood of cases referred by the SRA The Legal Services Board (LSB) approved a £3.1m budget for 2025 for the Solicitors Disciplinary Tribunal (SDT), up from £2.5m this year. The whopping 25% increase is in response to a deluge of cases referred by the Solicitors Regulation Authority (SRA). The SRA […]
Leading law firms join VinciWorks’ latest AML Core Group meeting
In a spirited series of conversations, over 30 firms gathered to share anti-money laundering (AML) best practices Over 30 of the UK’s leading international law firms joined VinciWorks for its recent AML Core Group meeting. The meeting, based on the concept that there is no competitive advantage in compliance, provides top firms with the opportunity […]
