A life of regulation: Sandra Erez on women in compliance
Living dangerously. It is 1971, on a sultry June evening in the Long Island suburbs of New York, and I am poised to parade down the aisle in my elementary school graduation ceremony. I glanced enviously at my classmates, slick haired boys crammed into their suits, girls decked in frilly pastel dress like shiny hot […]
Compliance weaknesses highlighted in Law Society of Scotland’s AML report
The recently released annual report also emphasises the agency’s efforts to engage with issues around AML The Law Society of Scotland just released its annual anti-money laundering (AML) report and the agency notes that it is an indicator of the “breadth and depth of its AML work undertaken in the public interest.” The agency acknowledges […]
Lycamobile’s French Companies Fined for Money Laundering and VAT Fraud
The former CEO has been jailed for three years In a landmark ruling, Lycamobile’s French companies have been fined a total of €10m by a Paris court for their involvement in money laundering and VAT fraud. The case also saw the group’s former CEO, Christopher Tooley, receiving a prison sentence and a substantial fine for […]
FATF grey list updates: Why was Bulgaria added?
Panama removed and UAE makes progress On 27 October 2023, the Financial Action Task Force (FATF) met in Paris and added EU member state Bulgaria to the grey list. This has been described as a shock to many, but the country has been mired in political corruption scandals in recent years. The UAE was also […]
Die deutsche Antigeldwäsche-Revolution
Wie die Einrichtung eines Bundesamts zur Bekämpfung von Finanzkriminalität die Compliance im Bereich Geldwäsche revolutionieren könnte Die Bundesrepublik Deutschland, die einst als Oase für Geldwäscher galt, hat bedeutende Schritte in Richtung einer potenziellen Revolution im Kampf gegen Geldwäsche eingeleitet. Die Financial Action Task Force (FATF) hat Deutschland in der Vergangenheit für den vorherrschenden Gebrauch von […]
Neurodiversity employment tribunals are increasing: What can your organisation do to reduce the risk?
In the fast-evolving landscape of workplace diversity, the issue of neurodiversity discrimination has emerged as a pressing concern. Recent data reveals that employment tribunals have witnessed a significant uptick in cases involving allegations of neurodiversity discrimination, with a staggering 102 cases reported in the past year. Even as organisations are increasingly aware of the benefits […]
How can businesses meet health and safety requirements during the outbreak of bed bugs?
A drastic rise in reported cases of bed bugs in Paris has caused panic to spread to the UK. Since then, cases in major cities across Britain have emerged, with London, Luton and Manchester all reporting sightings of bed bugs in recent weeks. While they don’t spread disease, bed bugs can be notoriously hard to […]
How to use the SRA’s client and matter risk assessment template
Adapt it correctly and it can help you build a process that works The Solicitors Regulation Authority’s (SRA) recently-released template for client and matter risk assessments is just the beginning of a firm’s assessment journey with its clients and matters. The templates were created to guide firms and help them understand the SRA’s requirements and […]
Omnitrack version 2.93.0
Export Audit Trail to CSV and Public API Support We have added the option to download the complete audit trail in CSV format, making it easier to generate reports and integrate your data into third-party systems. As an admin, you can navigate to “Audit Trail” and click the ‘Export to CSV’ button at the top […]
SRA releases client and matter risk assessment template to combat high levels of non-compliance
Template available in Omnitrack In a session on anticipated increased AML regulations at the Law Society’s recent Anti-Money Laundering and Financial Crime Conference 2023, the Solicitors Regulation Authority’s (SRA) representative made an announcement: The agency would be releasing a client and matter risk assessment template. Anyone attending the conference could hear the sighs of relief […]
