How the 2025 German Federal election could reshape Europe
After the collapse of the ruling coalition government in Berlin on 7 November 2024, the stage has been set for a snap election on February 23, 2025 in Europe’s most important economy. With a notable rightward shift in European politics and a newly inaugurated EU Commission (and second Trump Administration), will the 2025 German election […]
What’s new in AML and sanctions compliance in 2025? Significant changes for letting agents
Letting agents, alongisde high value dealers, art market participants and insolvency practitioners in the UK are facing significant changes in 2025 as the government moves to tighten anti-money laundering (AML) regulations and financial sanctions reporting obligations. Starting 14 May 2025, financial sanctions reporting obligations will apply to all letting agency work, regardless of the rental […]
Kleptocrat crackdown: the UK just sanctioned Africa’s wealthiest woman
Following on from Angola’s recent grey listing by the FATF for serious deficiencies in the country’s anti-money laundering regime, Angolan figures continue to be sanctioned by the international community. Isabel dos Santos, the daughter of former Angolan President José Eduardo dos Santos and once Africa’s wealthiest woman, has faced mounting legal battles on […]
Failure to prevent fraud guidance published, what your organisation needs to do now
The UK government has released its long-awaited guidance on the “failure to prevent fraud” offence, introduced under the Economic Crime and Corporate Transparency Act 2023. This new offence, effective from 1 September 2025, holds businesses accountable when individuals associated with their organisation commit fraud to benefit the company, whether directly or indirectly. While a defence […]
New guide for employers on managing HIV in the workplace
In the lead-up to World AIDS Day on December 1, VinciWorks proudly announces the release of the HIV in the workplace guide, a comprehensive resource for employers striving to create inclusive, supportive workplaces for employees living with or affected by HIV. Developed in collaboration with Mark Mills, an HR professional and HIV advocate, this guide draws […]
China’s new AML laws are an upgrade, but could prove a risk
China’s new Anti-Money Laundering (AML) Law has been adopted by the National People’s Congress and will take effect on 1 January. 2025. This represents the first major revision since the law’s initial enactment in 2007 and will strengthen AML measures to address evolving money laundering risks, align with global standards, and adapt to China’s current […]
Australian court rules companies are on the hook for any sanctions violations
Australia’s landmark sanctions judgement: what businesses need to know In response to concerns over Russian sanctions evasion, countries worldwide are intensifying enforcement of trade and financial restrictions. Australia’s recent case, Alumina and Bauxite Company Ltd v Queensland Alumina Ltd [2024], illustrates just how complex these enforcement measures have become, especially regarding indirect benefits that could […]
Auf Abruf: Die KI-Verordnung der Europäischen Union – Was Sie jetzt beachten müssen
VinciWorks berät Sie zur KI-Verordnung der Europäischen Union! Sehen Sie sich unser Webinar an und lernen Sie: • Was die Ziele der KI-Verordnung sind • Wie der Risiko-basierte Ansatz funktioniert • Warum rechtliche Rahmenbedingungen und ethische Standards beim Einsatz von KI unverzichtbar sind • Wie Sie Compliance sicherstellen Thomas Falk, Head of Content für VinciWorks, zeigt […]
Manual data entry error results in a half million dollar sanctions penalty
The US Department of Commerce’s Bureau of Industry and Security (BIS) has imposed a $500,000 civil penalty on GlobalFoundries US Inc. and its subsidiary, GlobalFoundries U.S. 2 LLC, for violating export regulations. Between February 2021 and October 2022, the company made 74 shipments of semiconductor wafers valued at approximately $17.1 million to SJ Semiconductor (SJS), […]
November 2024 updated guide to high risk jurisdictions for money laundering
Following the FATF’s plenary at the end of October 2024, VinciWorks has released its updated guide for all of the high risk jurisdictions for money laundering. This guide includes all of the jurisdictions subject to increased FATF monitoring, alongside countries on the EU’s High Risk Third Countries. This guide includes those jurisdictions which have […]
