The great regulatory shift. Do we need to prepare for doom?
Presenters at this year’s Law Society conference think law firms need to be ready for increased regulation In a law firm regulatory update at The Law Society’s Anti-Money Laundering and Financial Crime Conference 2023, the presenters pointed out how regulation has increased in the past 15 years. They believe it is a trend that will […]
Understanding gender diversity and non-binary identities
How to explain gender diversity to people who don’t get it Explaining non-binary and gender diversity to people who may be older or unfamiliar with these concepts can require patience, empathy, and clear communication. Here’s a way to explain these concepts in a simple and understanding manner:
SRA’s annual AML report indicates that many firms remain non-compliant
Solicitors Regulation Authority’s FY 2022/23 audit to be released shortly At the Law Society’s Anti-Money Laundering and Financial Crime Conference 2023, Collette Best, the SRA’s director of anti-money laundering, provided a sneak peek into the regulator’s upcoming annual report. The conclusion: Many UK law firms are non-compliant. The implications for these firms are important as Best […]
Accelerate AML onboarding with World-Check and Omnitrack
VinciWorks’ end-to-end AML client onboarding solution (Omnitrack) continues to simplify the onboarding experience with a new direct integration with World-Check. This powerful combination offers direct access to World-Check’s extensive database without leaving your existing tools. The Omnitrack-World-Check integration enables you to effortlessly incorporate customer and third-party risk screening checks into your existing onboarding and monitoring […]
Cheaper by the scandal: Gifts, bribery, and the US government
When corporate board members are held to a higher standard than public officials The senior US senator from New Jersey Bob Menendez has so far refused to resign despite being indicted on federal charges of bribery, along with his wife and three businessmen from the state. The senator allegedly agreed to use his official position […]
Upcoming webinar: 20 years of Cybersecurity Awareness Month – How far have we come?
Wednesday 25th October, 12:00 pm UK time In this webinar with iSTORM, specialists in privacy, security and penetration testing, we will look at how far cybersecurity education and awareness have come over the last two decades and what are the priorities for the future to ensure a secure and interconnected world. This free, one-hour webinar […]
Omnitrack version 2.92.0
Enhanced Audit Trail with Email Events With this enhancement, every time an email is dispatched, whether manually or through automation, we will automatically record an “Email Sent” event on the submission timeline. This update ensures that administrators have a clear, detailed record of when emails are sent and to whom they are addressed. Enhancements to […]
Astute eLearning Platform v3.1.0 Release Notes
1) Risk Assessment Version 3 We are delighted to announce the general release of our new and improved Risk Assessment Version 3 tool to the Astute Platform. This feature is designed to allow customers to develop risk assessments which enable users to manage low-level issues and escalate high-level concerns directly to administrators for further investigation. […]
Exporting to Dubai? It might end up in Iran
Sanctions compliance gets complicated when shipping to grey-listed UAE An American man was convicted of falsifying export documents to conceal the fact that shipments of US commodities through the United Arab Emirates was actually bound for the Islamic Republic of Iran, in serious violations of US sanctions. The crime occurred when the man lied to […]
Canadian injunction against Mandatory Disclosure Rules for legal professionals
Lawyers are exempt from Canada’s MDR until at least October 20, 2023. In the 2021 Canadian Budget, it was announced that Canada would be amending the Income Tax Act to require certain transactions to be reported to the Canadian Revenue Agency (CRA). These new Mandatory Disclosure Rules are set to be implemented in 2023, but […]
