Changes are coming to Australian AML. Its banks need to get ready
Australia’s banking sector is at medium to high ML/TF risks A national risk assessment on major banks and other domestic banks operating in Australia indicated that they are at medium and high risks for money laundering and terrorist financing (ML/TF) activities. Tranche 2 anti-money laundering (AML) reforms are likely to soon come into force in […]
You have questions about risk and compliance? We have answers
Some practical takeaways from the Law Society’s Risk and Compliance Conference At the Law Society’s Risk and Compliance Annual Conference 2024, attendees asked their most pressing questions to a panel of experts, who provided answers that were practical, insightful and provided risk and compliance teams with information they could use in their firms. The first […]
Proliferation financing in Australia: the rise of a new money laundering challenge
What is proliferation financing and what do regulated entities have to do? Proliferation Financing (PF) is an international crime which facilitates the movement and development of illegal goods in order to provide weapons of mass destruction for rogue states like Russia, Iran and North Korea. It has become an increasing cause of global concern over […]
What companies should be thinking about when they think about AI
A Q&A on AI and business with Shlomo Agishtein, AI lead at Trullion As artificial intelligence (AI) tools are increasingly becoming part of the daily processes of nearly every company and AI regulations are bearing down (we’re looking at you, AI Act) it’s more and more important to understand how to utilise and develop these […]
Das deutsche Datenschutzgesetz und wie es die DSGVO komplementiert
Die Datenschutz-Grundverordnung (DSGVO) wurde eingeführt, um einen einheitlichen Datenschutzstandard in der gesamten Europäischen Union (EU) zu schaffen. Sie legt daher die Mindestanforderungen fest, die alle Mitgliedstaaten erfüllen müssen. Allerdings enthält die DSGVO auch sogenannte Öffnungsklauseln, die den Mitgliedstaaten einen gewissen Spielraum bei der Umsetzung der Verordnung lassen. Diese Öffnungsklauseln ermöglichen es den Mitgliedstaaten, zusätzliche oder […]
Higher and Further Education compliance course package available now
VinciWorks is proud to offer a one-stop-shop safety and compliance training package for higher and further education institutions. The package includes 50 of the courses most commonly used and requested by other educational institutions so you can meet the training requirements of all your staff and students. Delivered through our centralised VinciWorks Portal, The VinciWorks […]
Die möglichen Vor- und Nachteile der KI-Verordnung
Die KI-Verordnung der Europäischen Union ist ein Gesetzesvorschlag, der die erste umfassende Regulierung von künstlicher Intelligenz (KI) weltweit einführen soll. Die Verordnung soll sicherstellen, dass KI-Systeme, die auf dem europäischen Markt platziert und in der EU verwendet werden, sicher und vertrauenswürdig sind, gleichzeitig aber die Innovation und die Wettbewerbsfähigkeit der europäischen KI-Industrie fördern.
Mitigating the risk of Proliferation Financing
A policy template to help the regulated sector manage PF compliance Proliferation Financing (PF) is an international crime which facilitates the movement and development of illegal goods in order to provide weapons of mass destruction for rogue states like Iran, North Korea and Russia. It has become an increasing cause of global concern over the […]
Proliferation financing in practice: PF case studies and examples
What is proliferation financing? Proliferation financing is of significant concern to every business in the regulated sector. A series of amendments to the UK Money Laundering Regulations 2017 came into force 1 September 2022. The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 include an obligation for regulated entities to identify, assess and […]
A guide to LGPD in Brazil
How to comply with Lei Geral de Proteção de Dados, Brazil’s data protection law Brazil’s Lei Geral de Proteção de Dados (LGPD) is the country’s first comprehensive personal data protection law. It entered into force in September 2020 and and aligns closely with the EU’s sweeping data privacy act, the General Data Protection Regulation (GDPR). […]
