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 […]
DeltaNet gives businesses free access to Diversity and Inclusion eLearning courses for National Inclusion Week 2022
This week, we are providing free access to our full Diversity and Inclusion eLearning courses for businesses to improve their D&I training for all employees during National Inclusion Week 2022, which takes place from 26th September to 2nd October 2022. In support of the awareness week, led by membership organisation Inclusive Employers, the 15 […]
AML legal sector survey – Download results
This week we surveyed a wide range of UK law firms on their approach to AML. The survey explored firms’ biggest AML challenges, different approaches to risk assessments, ongoing monitoring, AML audits and more. Key findings: The biggest AML challenge is identifying the source of funds/wealth Matter risk assessments are a struggle for 50% of […]
What happens to law firms that breach money laundering regulations?
A leading law firm was fined £232,500 by the SRA, and ordered to pay the SRA’s investigation costs of £50,000 for breaching the Money Laundering Regulations 2017. What does this mean for AML compliance, and what lessons can be learned for compliance?
CSR vs. ESG: What is the difference?
Now more than ever, companies are expected to have a positive impact on society and the planet. Customers are increasingly considering sustainability in their purchases, with upwards of 75% of millennials reporting they do so. Investors also expect companies to understand these issues, with the value of sustainable fund assets doubling over the last two […]