Revolutionising compliance training with AI
In the fast-paced world of compliance, staying ahead requires not just meeting regulatory standards but also ensuring that training is engaging, relevant, and accessible. VinciWorks has been a leader in compliance training for over two decades, consistently innovating to meet evolving business needs. Powerful tools like the VinciWorks Portal enable companies to maintain compliance while […]
The ROI of compliance: as financial crime costs rise, it’s time to spend smarter on compliance
UK compliance costs have soared to £21,400 per hour as firms across sectors are spending more than ever to fight financial crime. This spending has risen by a third since 2021, bringing the total annual cost of compliance to a staggering £38.4 billion. This amount is roughly three-quarters of the UK government’s defence spending.
The AML compliance challenge: All the info on your AML solution is visible to everyone.
How can your law firm manage that? The problem and how Omnitrack can solve it There is so much information in your AML platform about each client. Some of the information is sensitive and you would rather limit who in your large law firm has exposure. Not only that – you also wish you could […]
Wie die bevorstehenden Landtagswahlen in Sachsen, Thüringen und Brandenburg Unternehmen beeinflussen könnten
Im nächsten Monat finden in Thüringen, Brandenburg und Sachsen Landtagswahlen statt, die nicht nur die politische Landschaft dieser Bundesländer prägen werden, sondern auch erhebliche Auswirkungen auf regulatorische Rahmenbedingungen für Unternehmen haben könnten. Für Unternehmen, die in diesen Bundesländern tätig sind, ist es daher unerlässlich, die politischen Positionen der Parteien in zentralen Compliance-Bereichen zu verstehen.
Befolgt Ihr Unternehmen die geltenden Gesetze beim Thema Geldwäscheprävention?
In einer globalisierten Weltwirtschaft ist die Einhaltung der Vorschriften zur Bekämpfung von Geldwäsche (AML) von entscheidender Bedeutung für Unternehmen. Insbesondere in Europa und Deutschland sind die regulatorischen Anforderungen streng und umfassend. Unternehmen, die diese Standards nicht einhalten, riskieren nicht nur hohe Geldstrafen, sondern auch Schäden an ihrem Ruf und ihrer operativen Integrität. Doch wie können […]
CSRD and the UK
What do UK organisations need to know about the EU’s Corporate Sustainability Reporting Directive? The EU’s Corporate Sustainability Reporting Directive (CSRD) is new legislation that recently came into force with first reporting requirements coming next year. The directive will require all large and listed companies to publish regular reports on the social and environmental risks […]
Enhanced efforts required to protect students from sexual harassment, says watchdog
The Office for Students (OfS), the higher education regulator in England, has called for universities to increase their efforts to safeguard students from sexual harassment. The OfS will introduce specific benchmarks for reporting systems, disciplinary procedures, and staff training. Although the OfS considered banning relationships between staff and students, it has decided not to impose […]
Government consults on changes to competition rules and mergers
A trio of consultations looks at fundamental changes to the CMA The new UK government has announced three significant consultations to changes in operations of the Competition and Markets Authority (CMA), and the operation of key competition legislation including the Digital Markets, Competition and Consumers Act 2024 (DMCC Act).
Australia’s money laundering scandals
A deep dive into the Commonwealth Bank of Australia’s failures that resulted in massive AML breaches The Commonwealth Bank of Australia (CBA), one of the nation’s largest and most prestigious financial institutions, was found to have failed in its duty to prevent money laundering on an enormous scale. The bank, which has extensive operations throughout […]
Singapore’s Billion-Dollar Scandal
How authorities uncovered what is now the largest money laundering case in the city-state’s history In a case that has upended Singapore’s financial sector, authorities have uncovered a money laundering scandal that involves an astonishing $2.2 billion in illicit assets. At the same time, they revealed a complex web of deception that has tainted the […]
