Complete Guide to Anti-Money Laundering (AML)
Anti-money laundering regulations refer to procedures and processes that are put in place by organisations across every industry to discourage and prevent potential criminals from performing money laundering, either on or via their premises. Through various standard controls and directives, compliance with anti-money laundering best practices empowers employees to identify, report, and terminate money laundering […]
Global Minimum Tax: UK Publishes Consultation on Domestic Implementation
On 11 January 2022, the UK government published a consultation seeking views for how a worldwide 15% minimum corporation tax should be domestically implemented. The consultation will run for 12 weeks, until 4 April 2022. Background: In May 2019, the OECD/G20 Inclusive Framework on BEPS (Inclusive Framework) agreed a Programme of Work for Addressing the […]
What is carbon literacy training?
What is carbon literacy? Carbon literacy means making people aware of the cost of climate change in everyday activities, and how emissions of carbon and other greenhouse gasses into the atmosphere can be reduced with individual, organisational and structural changes. Carbon literacy is more than just hot air. It focuses teams to understand climate change […]
Five Ways to Prioritise Mental Health and Wellbeing in 2022
With the pandemic continuing and Covid-19 cases still on the rise with the latest variant, it may seem that January blues are underway. However, organisations must avoid letting this get employees down and instead use January as an opportunity to kick start and make way for a year of prioritising good mental health and wellbeing. Here […]
On-demand webinar: What’s on the compliance agenda for 2022?
Wednesday 12 January, 12:00pm (UK) Despite the ongoing pandemic, compliance departments can still enter the new year with a sense, if not an outline, of what should be on their agenda in 2022. Preparing for rapid, sudden changes in 2022, from new Covid-19 variants to supply chain problems or catastrophic climate events, should still be […]
Why implement an ESG programme?
What are the benefits of tracking ESG? There are varied reasons to begin the process of implementing an ESG programme. Preparing your business for an ESG programme could be driven by a variety of different factors. Your business might be looking for investment or might want to attract the best talent as an employer of […]
A lookback at 2021: WorkWize Highlights
2021 was an auspicious year for EssentialSkillz. In our mission to deliver more value to our customers, we released multiple updates to the WorkWize compliance platform, alongside a raft of new courses and improvements. In this blog, we put the spotlight on some of the highlights that were accomplished by the efforts of our fantastic […]
Omnitrack version 2.53.0
External Users: Manage suppliers and clients in Omnitrack Important Omnitrack features such as reminders and automations require that users sign in to the system when filling out your form. This is complicated for use cases such as Supplier Assessments and Client Onboarding as it’s difficult to manage both internal people (employees) and external people (suppliers […]
Anti Money Laundering: SRA firm fined £232,500
As part of a settlement agreement with the SRA, a large SRA regulated firm has been fined £232,500 for money laundering breaches. The firm has also been ordered to pay the SRA investigation costs of £50,000. Between September 2015 and September 2018 the SRA found that the firm in question carried out serious breaches of […]