VinciWorks guide to high risk jurisdictions for money laundering
Last updated: July 2024 The FATF and European Union continually review jurisdictions and identifies those which have strategic deficiencies in their AML/CFT regimes. These are known as the FATF Grey List and high risk jurisdictions under the European Union. Countries are added to the lists several times throughout the year. There are some jurisdictions which […]
Inkrafttreten der EU-KI-Verordnung: Wie Europa das weltweit erste KI-Gesetz verabschiedete
Vergangene Woche trat die EU-KI-Verordnung offiziell in Kraft und markiert damit einen bedeutenden Meilenstein in der Regulierung von Künstlicher Intelligenz (KI) auf globaler Ebene. Hinter der Einigung dieses bahnbrechenden Gesetzes steht ein Stück harter Arbeit in Brüssel; es ist doch das Ergebnis eines intensiven, mehrjährigen Gesetzgebungsprozesses, der weit über die Grenzen Europas hinaus Aufmerksamkeit erregt […]
Citigroup im Fokus: Drogenhändler nutzten Schwachstellen der Bank
In einer kürzlich veröffentlichten Anklageschrift haben hochrangige US-Strafverfolgungsbeamte Citigroup als bevorzugtes Ziel für Drogenhändler identifiziert. So hatten sich Drogenhändler aufgrund der Wahrnehmung, dass die Betrugskontrollen bei Citigroup weniger streng seien als bei anderen Banken, verstärkt auf Citi konzentriert.
VinciWorks guide to ethnicity and disability pay gap reporting
Free download on new pay gap reporting requirements set to be introduced by the Labour government The Labour government have pledged to close not just the gender pay gap, but the disability and ethnicity pay gap too. Legislation to require organisations to report on their ethnicity and disability pay gap is set to be announced […]
UK moves forward on deforestation compliance as the EU takes as step back
The saying goes that elections have consequences, and that’s particularly true for deforestation compliance. The European Parliament elections held at the start of June and the UK general election on 4 July have delivered a reversal of fortunes when it comes to a critical part of ESG – deforestation compliance and reporting.
Over 45 leading law firms joining VinciWorks latest AML Core Group meeting
VinciWorks was proud to host over 45 of the UK’s leading international law firms at our recent AML Core Group meeting. VinciWorks Business Development Director Tom Evans and Compliance Office Managing Director Andy Donovan shared best practice in the field of AML, and encouraged a dialogue between firms on how to best manage AML risk.
SRA announces new requirements for firms
Regulated firms will have to provide AML and sanctions data UK regulated firms, the Solicitors Regulation Authority (SRA) is about to contact you with a new requirement for more of your money laundering and sanctions data. What information are they looking for? Regulated firms will be asked provide information on: Firms not involved with one […]
Labour’s regulatory agenda for compliance: free guide download
Labour’s plan for government will affect dozens of areas of compliance, from whistleblowing to employment rights, money laundering and fraud to menopause and the Equality Act. Labour’s manifesto commitments and previously announced policies will define the regulatory agenda for this parliament. A mixture of primary legislation, secondary legislation and policy shifts at the regulatory level […]
On-demand webinar: Best practice workflows in AML: A webinar for UK law firms
Approximately £10 billion of illegal money is estimated to be laundered each year in the UK. And with most law firms exposed in so many ways to the risks of money laundering, the potential for a firm getting caught up in financial crime is easy, maybe easier than ever. It can happen at any point […]
On-demand webinar: AI regulation in the UK, EU and the rest of the world
The pace of AI regulation is heating up. From the monumental AI Act passed by the EU, countries and states around the world adopting copycat laws, to commitments by the new UK government to better regulate artificial intelligence. Regulators and legislators are racing to ensure they are not left behind by the AI revolution, and […]
