Equifax: A Tale of Caution about Bad Information Security and Compliance Practices
US credit agency, Equifax, have landed in serious hot water recently after a spate of information security and alleged compliance breaches that were uncovered by cyber security researchers, technology news sites, and – potentially – The Federal Trade Commission. The initial breach, which saw 143 million Americans’ sensitive personal data and financial information potentially compromised, […]
Modern Slavery Act – preparing your second statement
2017 marks the first year that all companies (with revenues of at least £36m) must provide a Modern Slavery Act disclosure. Many companies are now preparing their second statement and are seeking guidance on how to amend their statement and how to address ongoing training requirements. Useful resources Modern Slavery Statement template – are you aware […]
Avoid the Common GDPR Mistakes
The Cyber Governance Health Check Report revealed that only 6% of FTSE 350 companies are properly prepared for the changes to the General Data Protection Regulation (GDPR), including GDPR training. All businesses in the UK need to adhere to the EU’s updated GDPR legal framework when it comes to data they hold and how it’s […]
Compliance: The Competitive Advantage you didn’t know you had!
For too long, compliance has been relegated to risk management. Now’s the time to think differently. It’s true that for the majority of organisations, compliance with legislation is viewed as an exercise in risk mitigation. Sure, investing money in training and developing preventative processes is the best way to avoid expensive fines and protect your […]
4th Money Laundering Directive – What you need to know
The European Union’s Fourth Anti-Money Laundering Directive came into force on 26th June 2017. The Directive includes some fundamental changes to the anti-money laundering procedures, including changes to CDD, a central register for beneficial owners and a focus on risk assessments. However, with proper preparation and training, the transition to the new regime should be […]
New AML 360° module: Cryptocurrency and the blockchain
Cryptocurrency and the blockchain: What’s the AML risk? VinciWorks has just added a new module to its course AML 360°. The module explains what is meant by cryptocurrency and blockchain and the compliance challenges they present. The module also explores the money laundering risks that come with cryptocurrency, as well as preventative measures.
Your legal obligation to give employees health and safety training
Did you know that, as an employer, you have a legal duty to give employees health and safety training that covers all the risks they face at work? Many recent health and safety breaches (and several massive fines) suggest that employers are frequently failing to properly comply with this requirement. Time after time, investigators find […]
Guide to anti-money laundering training requirements under the Fourth Directive
The Money Laundering Regulations 2017 require relevant businesses to: Make employees aware of the laws relating to money laundering and terrorist financing Regularly provide training on how to recognise and deal with transactions and other activities which may be related to money laundering or terrorist financing What is a relevant business? Money laundering regulations apply […]
Six months until GDPR implementation – how to prepare
There are now less than six months to go until GDPR implementation, when it becomes law throughout the EU, including the UK. Any business operating in the EU, serving EU customers or shipping orders inside Europe will need to comply. From training staff to rewriting privacy policies, there’s a lot that needs to be done to […]