Criminal Finances Act – is your organisation ready?
Checklist of “reasonable procedures” to comply with the Act After receiving royal assent on 27th April, on 30th September the Criminal Finances Act came into full force. The Act creates a new corporate criminal offence for failing to prevent the facilitation of tax evasion, placing the responsibility on business to have “reasonable procedures” in place to […]
Internet Use at Work
Do Your employees know the boundaries of Internet use at work? Internet use at work can be a minefield. Electronic communications have revolutionised businesses worldwide and it is now commonplace for many organisations to routinely use email along side, or instead of, the telephone. Email is cost effective, user friendly, convenient, aids flexible working and […]
On-demand Fourth Directive webinar – your questions answered
On 26th June 2017, the UK met the EU’s deadline and transposed the Fourth Money Laundering Directive into national legislation. On Monday 2nd July over 200 law firms and organisations joined Director of Best Practice Gary Yantin and anti-money laundering expert Amy Bell to discuss the implementation of The Fourth Directive and the new Anti-Money Laundering […]
Summary of Fourth Directive Changes in the Crown Dependencies
Jersey, Guernsey and the Isle of Man are not members of the European Union and are not obligated to adopt the EU’s Fourth Anti-Money Laundering Directive as the UK has done with the Money Laundering Regulations 2017. However, with close to 100 licensed banks, tens of thousands of regulated professionals and hundreds of billions of […]
Modern Slavery Act 2015 – deadline tomorrow
30th June 2017 marks the next big deadline for Modern Slavery Act compliance. Organisations with a financial year-end date of 31st December are required to produce a Slavery and Human Trafficking Statement before that date. Train your staff with our suite of courses Since VinciWorks released its first course on modern slavery a year ago, […]
New and Expectant Mothers: Rights and Responsibilities
New and Expectant Mothers: Do you and your employees know their rights and responsibilities? Legal obligations regarding new and expectant mothers are set out in the following legislation; the Management of Health and Safety at Work Regulations 1999, the Workplace (Health, Safety and Welfare) Regulations 1992 and the Equality Act 2010. This legislation requires employers […]
Changes between the draft and final Money Laundering Regulations 2017
The government released a draft of the Money Laundering Regulations back in March 2017 outlining the proposed approach to transposing the Fourth Money Laundering Directive into UK law. On 26th June, those Regulations became law, having been rushed through Parliament. Most of the content of the final law is the same as in the draft; […]
Your essential four step guide to risk management
The Importance of having an integrated risk and business strategy Does your risk strategy and business strategy sit in two separate folders? When drafting your risk strategy, was it aligned to the business strategy and written with your organisational goals at the forefront? Or, as most companies do, is your risk strategy little more than a […]
Government rushes through new Money Laundering Regulations 2017
Parliamentary procedure broken in order to meet today’s EU deadline The government confirmed at the last minute the new EU Fourth Anti-Money Laundering Directive (4MLD) will come into force today (Monday) in order to meet the European deadline of transposing the 4th Directive into national legislation by 26 June 2017. Due to the general election, […]
Is your law firm doing enough to tackle modern slavery?
In June, the Law Society published its first slavery and human trafficking statement under the requirements of Section 54 of the Modern Slavery Act. This emphasises its call for the legal industry to be at the forefront of the fight against modern slavery. Overall, 87 law firms have published their own modern slavery statements – a […]
