SRA fines law firm for AML compliance failures
The firm was issued a £5,000 penalty following an investigation by the Solicitors Regulatory Authority into money laundering and terrorist financing risks. In a clear demonstration of the SRA’s willingness to flex its new fining powers, the SRA has penalised Settle-based Goad & Butcher for six years of anti-money laundering failures. The firm has also […]
Failure to prevent fraud: controversial new details announced
UK Government offers the bare minimum on fraud prevention The UK government had previously announced they are pushing ahead with a game-changing new regulation to expand the ‘failure to prevent’ family of offences to failure to prevent fraud. More details have now been announced about the offence which will be brought forward as part of […]
Manual Handling at Work
Your Guide to Manual Handling at Work In every business there is the possibility of accidents or risks occurring as a result of unsafe working practices. Workplaces can expose people to hazards such as slips and trips, manual handling, dangerous machinery, electricity, exposure to hazardous substances, falls from height, noise and stress to name a few. […]
Omnitrack version 2.82.0
Additional reports features Dynamic Placeholders in text widgets Create personalized reports effortlessly by adding dynamic submission data to your text widgets, automating the inclusion of client-specific information in your reports. Say goodbye to manual editing and hello to streamlined report personalization. Use this feature in your text widgets by putting brackets around a field name […]
GDPR checklist – Is your business GDPR compliant?
The EU’s General Data Protection Regulation (GDPR) has now been in force for five years, and GDPR’s reach is global, as any company that offers goods or services to anyone in the EU are required to comply. The most recent fines show that both large and small businesses are subject to regulators’ scrutiny, with over […]
Passover
Passover is celebrated in the spring, usually in April, for eight days.
Mining giant Glencore receives record bribery fine
Glencore, the mining and commodities giant, has been fined a record-breaking £281 million for bribery in five African countries. The company was found to have paid cash bribes to officials in the national oil and gas companies in Cameroon, Equatorial Guinea, Ivory Coast, Nigeria and South Sudan to secure its access to oil. The Serious […]
Harmful and Hazadous Substances at Work
Your Guide to Harmful and Hazardous substances at work A substance hazardous to health is a substance or mixture with the potential to cause harm if they are inhaled, ingested, or come into contact, or are absorbed through the skin. Nearly 20% of workers in the EU reported being exposed to chemical products or substances […]
The UK’s problem with data protection is not GDPR – it’s the compliance gap
As the UK grapples with if, how, when and exactly what it will replace GDPR with (or not), there’s some data which shows the wider compliance gap with whatever data protection regime the UK will come up with. Data from the UK government’s own impact assessments paint some stark figures. There are over 4 million […]
Risk-based AML compliance: Download our guide
The Financial Action Task Force (FATF) stated that a risk-based approach is central to an effective AML compliance programme. It’s critical to have strategies and procedures in place to ensure that your risk-based approach is robust, protects your firm’s exposure to financial crime and meets the expectation of regulators. We’ve put together this comprehensive guide […]