Revealed: the common root causes behind ‘wholly avoidable’ workplace accidents
According to new research by our sister company, WorkNest, 200 organisations have faced over £47million in fines since 2005 for workplace accidents judged to be ‘wholly unavoidable’. The study looked at 200 health and safety prosecutions brought by the Health and Safety Executive (HSE) dating back to 2005, spanning ten different sectors to establish common […]
Revealed: the common root causes behind ‘wholly avoidable’ workplace accidents
According to new research by our sister company, WorkNest – , 200 organisations have faced over £47million in fines since 2005 for workplace accidents judged to be ‘wholly unavoidable’. The study looked at 200 health and safety prosecutions brought by the Health and Safety Executive (HSE) dating back to 2005, spanning ten different sectors, to […]
How automatic risk scoring can enhance your AML client onboarding process
Law firms are required to conduct risk assessments, client due diligence (CDD) and ongoing monitoring on their clients. The precise processes for CDD and risk assessments are often complex and vary greatly, depending on industry and jurisdiction. What is the problem? The Fourth Money Laundering Directive, which came into force in 2017, introduced a heavy […]
Money laundering changes for Cryptoasset and cryptocurrency regulation
Part 5: Upcoming changes to the UK’s anti-money laundering regime In July 2021, HM Treasury launched a new AML consultation entitled ‘Amendments to the Money Laundering Terrorist Financing and Transfer of Funds Regulations 2017’. This consultation outlined ways in which the government intended to amend the UK’s money laundering regulations (MLRs) with several time-sensitive updates. […]
GDPR compliance – why should you still care?
The EU’s General Data Protection Regulation (GDPR) has now been in force for four years. GDPR’s reach is global, and in the four years that it’s been in force, fines have reached a total of over €1.6 billion, with the majority of fines having been levied in the past 12 months. Also during that time, […]
New Omnitack feature: Automatically calculate scores within forms
Omnitrack, our reporting and tracking solution, is continuously being updated and improved to bring the best experience to our end-users. In our latest update, we’ve added a new field type which allows users to create dynamic scoring fields in their forms, enabling them to add/multiply/divide/subtract the value of two or more fields. For example, you […]
Gibraltar in, Malta out of UK AML high-risk list
The latest updates to the UK’s high-risk jurisdictions for money laundering The UK periodically updates its list of high-risk countries or jurisdictions for AML, meaning that regulated businesses must apply enhanced customer due diligence measures and enhanced ongoing monitoring in any business relationship with a person in any of these jurisdictions. A high-risk third country […]
Money laundering changes for disclosure, information sharing and gathering
Part 4: Upcoming changes to the UK’s anti-money laundering regime In July 2021, HM Treasury launched a new AML consultation entitled ‘Amendments to the Money Laundering Terrorist Financing and Transfer of Funds Regulations 2017’. This consultation outlined ways in which the government intended to amend the UK’s money laundering regulations (MLRs) with several time-sensitive updates. […]
Safer, happier workplaces – the benefits of multi-language compliance training
If your business is based in the UK, you may not have considered the benefits of providing multilingual staff training. But what if we told you that delivering training in the learner’s first language could save their life?