Spar forced to close stores following a Ransomware Cyber Attack
More than 300 Spar convenience stores have been affected by a significant cyber-attack on its company’s IT systems. Many of these stores have been forced to close until the true extent of the damage can be assessed. Any stores that have managed to stay open are operating on a cash-only basis, due to the damage […]
New course release: Vulnerable Customers in Financial Services
A recent report estimated that 27.7m UK adults could be considered to be living in vulnerable circumstances, an increase of 15% in just a few months, with 2021 expected to show a further increase. This equates to 53% of the UK adult population – i.e., more than half. Who are the vulnerable customers? A vulnerable […]
Gig economy workers throughout the EU are about to become employees
The gig economy in Europe The gig economy in Europe, also known as the platform economy or sharing economy, has experienced significant growth in recent years. It refers to a labour market characterised by short-term, flexible, and on-demand work arrangements facilitated by digital platforms. One key aspect of the gig economy in Europe is the […]
New Guide: UK MDR: What changes are in store? | Free download
DAC6 and UK MDR In 2018 the OECD developed Model Mandatory Disclosure Rules for CRS Avoidance Arrangements and Opaque Offshore Structures (“OECD’s Model Rules”). These rules require taxpayers and their advisers to report information to tax authorities on certain types of arrangements and structures that might facilitate tax evasion. The EU responded to the OECD’s […]
The LSAG AML Guidance: What Law Firms Need to Know (Download the Free Guide)
What is the Legal Sector Affinity Group AML Guidance? The Legal Sector Affinity Group (LSAG) has published its Anti-Money Laundering guidance for the Legal Sector 2021. As set out in its background, LSAG aims to “aid… compliance and to effectively protect against Money Laundering and Terrorist Financing risks”. The LSAG guidance is an invaluable aid […]
Cyber Security: Phishing Alert – Email Chain Hacking
Ikea Targeted by a New Phishing Scam A new type of phishing attack has been uncovered after flat-pack furniture giant, Ikea, launched an internal investigation after noticing several malicious emails circulating throughout the business. Email Chain Hijacking is a new type of phishing scam that takes advantage of a weakness found in Microsoft Exchange servers. Ikea adequately […]
DAC6: UK Mandatory Disclosure Rules Consultation Released
On 30 November 2021, HMRC published their draft UK Mandatory Disclosure Rules and released their consultation which seeks views on the design of the draft regulations. The consultation will be open until 8 February 2022. At the Spring Budget 2021, the UK Government announced that it would implement Mandatory Disclosure Rules(MDR)(2.14). The rules are intended […]
Omnitrack version 2.50.1
Single option fields are here! Try out this new field type for cleaner, faster forms instead of using dropdown fields for single selection questions. You can change any existing dropdown fields to single selection for a different look or create a new one. PDF export enhancements Functionality for submissions exported to PDF has been improved, […]
How to create a Compliance Culture
The term ‘compliance culture’ isn’t new; for years we’ve heard about the need for organisations to create one in order to really get on top of and mitigate regulatory and reputational risk. And whilst the phrase ‘compliance culture’ (or ‘culture of compliance’ if you prefer) is one we all recognise, like a lot of qualities […]