What is AML and why is it Important?
Anti-money laundering (AML) is a blanket-term used to describe the constantly evolving laws and regulations put in place to prevent money laundering and other related financial crimes. However, in order to fully understand AML activities, it’s important first that we get to grips with what money laundering means and the true extent of this crime. […]
On-demand webinar: Mandatory Disclosure Rules in the UK – Understanding HMRC’s consultation
On 30 November 2021, HMRC published its draft UK Mandatory Disclosure Rules (MDR) and released its consultation which seeks views on the design of the draft regulations. The consultation will be open until 8 February 2022. The UK MDR is expected to come into force in summer 2022, replacing UK DAC6. MDR requires advisers (and […]
What does an ESG committee do?
What is an Environmental, Social, Governance (ESG) Committee? An ESG committee has overall responsibility for the effective operation of a company’s ESG policy, and has delegated responsibility for overseeing its implementation. The committee reviews data from across the business and then filters and summarises it for the board. The ESG committee is responsible for writing […]
Understanding pronouns and how to use them appropriately
A pronoun is used to replace a proper noun, such as someone’s name, and is often used to refer to a person without mentioning their name. For example, She is running a little late. In English, the pronouns we have been taught to use follow a gender binary – she/her for girls and he/him for […]
‘Bin bags full of cash’ NatWest fined £264m for AML failures
Branch safes literally overflowed with ill-gotten gains In the first criminal prosecution of a financial institution by the Financial Conduct Authority (FCA), a litany of failings took place at NatWest which enabled black bin liners stuffed with cash to be deposited, literally bursting out of floor-to-ceiling branch safes. The trial centred on a textbook case […]
VinciWorks by the numbers: 2021 – a year in review
2021 saw another successful year for VinciWorks. We haven’t simply done more of what we already do so well, we have also added all-new features to our training, such as the ability to build out every aspect of each course in minutes. Our research and development team have built out multiple new Omnitrack use cases […]
The EU Whistleblower Protection Directive: Are You Ready?
New rules come into force across the EU on Friday, 17 December 2021 Whistleblowers are a vital part of society, working to expose wrongdoing at the highest levels and often at great personal risk to themselves. That’s why the European Union passed legislation in 2019 to give whistleblowers more protection against retaliation. Every country in […]
Omnitrack version 2.52.0
Custom buttons A powerful new step in total flexibility for your workflows. Custom buttons allow you to add your own action buttons with your wording and colours at each stage. Instead of generic ‘Submit’ or ‘Save’ buttons, you can add a button to ‘Escalate to partner for review’ and any other action. See this feature […]
Should you hire an ESG consultant?
It depends on how committed your business is to ESG ESG consultants help companies determine what actions they should take to improve and build on their ESG efforts. They can undertake risk assessments, due diligence and impact assessments, as well as help to prepare reports and measure impacts. They can also help to develop the […]