Senior Managers and Certification Regime (SM&CR) soon to be enforced in all FCA regulated firms – Are you ready?
The Senior Managers and Certification Regime (SM&CR), the new regulatory structure by the FCA, has been applicable to the banking sector since March 2016 and will be implemented to all 47,000 other FCA solo-regulated firms on 9 December 2019. There will be a major transition required for firms and individuals from the existing Approved Persons […]
Safe Car Wash Scheme Tackling Modern Slavery
Your local car wash might seem like a harmless way to save yourself a little time, but it turns out that many hand car washes rely on slave labour and exploitation to offer low prices. While most car washes are legitimate businesses, they are sometimes used as fronts for slave labour, in which workers are […]
Legal Services Board approves all amendments to the SRA Handbook
The Legal Services Board has granted in full the application from the Solicitor Regulation Authority (SRA) for the new SRA Handbook which is set to be enforced in late 2019. In their 150 page Summary of Decision, the Legal Services Board did not find sufficient reasons to refuse the application. Back in August 2018, the […]
US imposes second round of sanctions on Iran – download our guide to compliance

5 November saw the end of the 180-day wind-down period since President Trump announced the re-imposition of sanctions on Iran. August 6 saw the first set of sanctions snap back into place, and from today, the remaining sanctions are in effect, including on: Iran’s port operations and energy, shipping and shipbuilding sectors Iran’s petroleum-related transactions […]
Learning Management System 6.0 is here

We are excited to share that the VinciWorks Learning Management System (LMS) has now been upgraded to version 6.0. The new version of the LMS has many improvements that focus on creating a rich user-friendly learning experience. With a beautiful new user interface, learning plans, video course creation and more, this upgrade improves many aspects […]
How can Compliance Keep up with Fast-Moving FinTech?
New technologies have revolutionised how we do business, find love, travel and shop. And more recently, the digital age has shaken up the worlds of finance and banking. But as people move to innovative banking and saving formats, how can regulators protect the public while also providing a level playing field for established banks and […]
October News Roundup

Data breach: airport fined for lost USB memory stick An airport was fined £120,000 after an employee lost a USB memory stick containing sensitive personal information. A member of the public found the memory stick on the street and viewed the files on a library computer. The contents on the USB included the times guards […]
Competition law – Big firms fined for involvement in cartels

Businesses have a responsibility and a legal obligation to follow competition law as laid out in the Competition Act 1998. In recent years, many large companies have been fined for involvement in cartels, and it is important for businesses to be aware of the dangers and pitfalls to avoid falling foul of the law, and […]
HR & HIPAA – Two new GDPR knowledge checks

VinciWorks’ knowledge checks are five minute courses designed to help you and your staff assess their level of compliance, allowing you to decide on next steps. Feedback is given after each question is answered, allowing users to improve their knowledge while completing the assessment. A score is given at the end of each assessment, meaning […]