The cybersecurity skills shortage – is it creating a big problem for small and medium-sized businesses?
It has been widely reported that the global shortage of skilled cybersecurity personnel is threatening the security of businesses, with a recent study by The World Economic Forum revealing that 60% of businesses admitting they would find it challenging to respond to a cybersecurity incident owing to shortages of skills in their team. Research into […]
A Guide To Money Laundering Compliance In The Bahamas
The key challenges of AML compliance in Latin America and the Caribbean Whether conducting risk assessments or reviewing client due diligence, it is vital to understand the risks and responsibilities of money laundering challenges for different jurisdictions. In this article, VinciWorks considers the key AML challenges and laws in The Bahamas, and what organisations should […]
Menopause in the workplace – How can you be a supportive employer?
October marks World Menopause Month. Menopause can cause a wide range of debilitating symptoms that affect work and relationships, and the low hormone levels resulting from menopause can also lead to long-term medical issues such as heart disease, diabetes and dementia. With women over 50 being one of the fastest-growing groups in the workforce, organisations […]
Definition of SME expanded from under 250 to under 500 employees
Threshold could be raised again to 1,000 employees The UK Government have announced that from today, 3 October 2022, it will treat firms with fewer than 500 employees as SMEs (small and medium-sized enterprises), as opposed to having fewer than 250 employees. The prime minister announced the change in the Sunday Telegraph yesterday. She said: […]
UK blocks legal industry from Russian business
Wave of new sanctions aims to cut off professional services to Russia In response to the illegal annexation of several regions of Ukraine by Russia, the UK government have announced a series of new sanctions which will cut off Russia’s access to: IT consultancy services architectural services engineering services advertising services transactional legal advisory services […]
MDR: Canada introducing new legislation enhancing mandatory disclosure requirements
Canada is updating its mandatory disclosure legislation to be more in line with the OECD’s initiative to combat tax evasion, known as BEPS Action 12, which shows that the lack of timely, comprehensive and relevant information on aggressive tax planning strategies is one of the main challenges faced by tax authorities worldwide. The changes are […]
How do international sanctions work?
A guide to understanding and using sanctions lists Sanctions are a diplomatic tool used to promote international peace and security and to combat violations of international law and terrorism. They do this by applying economic pressure on a country or regime by restricting dealings with the regime, as well as certain individuals and entities. The […]
The Cost of Living Crisis | Supporting Employees with Drug and Alcohol Problems
From the pandemic to the cost of living crisis, the upheaval of the last two years has taken a toll on people’s mental health, and provided a perfect breeding ground for drug and alcohol abuse. For many, recent factors such as prolonged isolation, significant work changes and political uncertainty have contributed to feelings of stress, […]
UK MDR unlikely before the end of the year
VinciWorks understands that the UK is unlikely to introduce its own version of the Mandatory Disclosure Rules (UK MDR) before 2023. As the government has changed and the Treasury has fully changed its Ministers, including the Financial Secretary to the Treasury who is responsible for tax policies, the official position is that the government is […]
A guide to money laundering compliance in Antigua and Barbuda
The key challenges of AML compliance in Latin America and the Caribbean Whether conducting risk assessments or reviewing client due diligence, it is vital to understand the risks and responsibilities of money laundering challenges for different jurisdictions. In this article, VinciWorks considers the key AML challenges and laws in Antigua and Barbuda, and what organisations […]
