Category Archives: Course & product updates

VinciWorks is continuously updating their courses, releasing new learning tools and creating new products. Get all the updates here.

DAC6 compliance – VinciWorks to release training and reporting tools

DAC6 training flowchart screenshot
The DAC6 interactive flowchart allows users to gain a clear understanding of which hallmarks and categories they are required to report on

The Economic and Financial Affairs Council of the European Union (ECONFIN) adopted the 6th Directive on Administrative Cooperation (“DAC6”) requiring tax intermediaries to report certain cross border arrangements.

The new EU rules which aim to clamp down on aggressive tax planning are set to impose a huge compliance burden on taxpayers and their advisers, potentially even in circumstances where there is no tax benefit at all.

VinciWorks’ DAC6 course, DAC6: Fundamentals, will help all entities who may be considered tax intermediaries develop an understanding of DAC6. The course follows a flow-chart navigation and includes example scenarios to help users understand DAC6. VinciWorks also offers a DAC6 reporting tool to help intermediaries easily keep track of and report cross-border transactions.

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VinciWorks to release GDPR refresher training and advanced modules

Compliance with the General Data Protection Regulation (GDPR) is an ongoing process. Organisations should regularly review and update their policies and data collection processes, as well as take training. The best way to refresh staff’s knowledge is to enrol them in a new course around once a year, rather than simply ask them to take the same course they took a year ago. As we approach a year since GDPR came into force, VinciWorks will be adding a new course to the GDPR training suite that includes both refresher training and advanced modules.

How does the course work?

The recommended use of GDPR: A Practical Overview is to put all staff through the basic six modules, and to add advanced modules to specialised staff in certain departments. However, the course can be customised to provide any number of modules in a variety of combinations depending on your industry and data protection training needs.

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New course release – Phishing Challenge 3.0

Screenshot of VinciWorks' interactive phishing training
VinciWorks’ Phishing Challenge 3.0 can be fully customised to contain emails related to your industry and staff

Periodic phishing training reduces the risk to your organisation

Data from 16,000 completions of the VinciWorks Phishing Challenge shows that 15% of users are at high risk of falling for a phishing scam. That risk level dropped to 5% for users who completed at least two challenges.

VinciWorks has released Phishing Challenge 3.0 with a brand new set of emails to reinforce phishing education. In this simulation, users are presented with a series of suspicious emails and must identify red flags.

Demo Phishing Challenge 3.0

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Three Phishing Challenges to assess employee risk

Phishing micro-course banner

Employees are the weakest link in most cyber security attacks. VinciWorks’ Phishing Challenges address this weakness by training employees to spot phishing emails.

This five-minute, mobile-friendly challenges:

  • Educate users on how to spot suspicious emails
  • Produce a report with each employee’s phishing risk score
  • Enable you to identify high-risk employees
  • Challenge users to spot red-flags in real phishing emails

Demo Phishing Challenge 1.0

Demo Phishing Challenge 2.0

Demo Phishing Challenge 3.0

The Phishing Challenges are designed as “micro-courses”, a five-minute, SCORM-compliant e-learning course that can be used in any learning management system to track user completions and risk score.

It is available for free, whether or not you are a VinciWorks client.

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VinciWorks’ risk-based antitrust law training

Screenshot from the course, Antitrust: Know Your Market

VinciWorks has released a new course as part of our “Know Your Compliance” series. Antitrust Law: Know Your Market is a scenrio-based course that presents the user with a set of realistic characters and scenarios from all walks of life, some of whom may be trying to engage in anticompetitive practices. It is up to users to assess the risk of each situation and decide on the best course of action based on company procedures and the law.

Demo course

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New Course Available in Multiple Languages Including Emoji, Pirate and Yoda

Business continuity course Gif
In VinciWorks’ latest course, users can easily switch between languages via an onscreen widget

A recent survey of senior risk managers uncovered the following scenarios as the top unforeseeable risks to business continuity:

  • 😟 Emoji’s taking over the 👑 Queen’s English 😟
  • Yer cabin bein’ relocated t’ a pirate ship
  • By a Death Star has your office been attacked

Preparing your staff for any eventuality through effective training in the proper language is key to successfully recovering from a crisis.

Business Continuity – be ready for any event

The new course Business Continuity: Being Aware equips your organisation for these risky, albeit remote, situations with training in the most relevant language.

Free demo

Business Continuity screenshot
Are you ready for English to be replaced by Emoji?

Course features

  • Switch between languages with the onscreen language widget
  • Fully customisable to include internal procedures
  • Available in SCORM

The course can be added to your Learning Management System upon request. Other languages are available at an additional cost.

VinciWorks’ 2019 course release schedule

Following a successful 2018 that saw over 420,000 course completions, we are excited to present our tentative plan for our new course releases and updates planned for 2019. Every year, VinciWorks plans its course schedule based on a combination of client feedback and prevalent compliance issues. Based on this, we are planning to release training on the SRA Standards and Regulations, DAC6, GDPR, cyber security and more. VinciWorks has also added several US-focussed compliance courses.

Note: this is a tentative schedule and is subject to change as we continuously review the compliance training needs of our clients.

Released courses

Competition Law

Screenshot of competition module in competition law training

Organisations have a responsibility and a legal obligation to comply with competition law and ensure staff have proper training on the topic. Competition Law: Know Your Market drops users into a set of immersive scenarios that test their knowledge, understanding and ability to comply with the Competition Act 1998 and the Enterprise Act 2002.

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VinciWorks’ gamified FCPA training

Gif showing FCPA training
Users complete the course by answering scenrio-based questions

VinciWorks has released a new anti-corruption course to help businesses comply with the Foreign Corrupt Practices Act (FCPA).

FCPA: Know Your Deal drops users into an immersive set of real-life scenarios to test their understanding, ability and knowledge to uncover the risk of bribery in their working life.

Demo the course

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Market Rules training – VinciWorks releases two new courses

Screenshot from the latest competition law course

The new Market Rules courses contain interactive scenario questions to test users’ understanding of the law

VinciWorks has released two new courses under the subject of Market Rules to help businesses train their staff and comply with complex competition law and market abuse rules. Coming against the backdrop of increasing enforcement action from the Competition and Markets Authority and the Financial Conduct Authority, VinciWorks’ new Market Rules courses will cover UK competition law and the European Union’s Market Abuse Regulations.

Competition Law: Know Your Market

Competition Law: Know Your Market drops users into a set of immersive scenarios to test their knowledge, understanding, and ability to comply with UK competition law.

The course is broken into short modules that cover different aspects of UK competition law, including price-fixing, cartels and meetings with competitors. Each module contains simulations of real business dilemmas with key learning points related to the scenario.

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Anti-money laundering portal with Omnitrack

In October, it was revealed that banker Howard Wilkinson blew the whistle on Danske Bank in 2013, beginning a five year investigation on the bank. The concerns raised by Wilkinson helped uncover an alarming €200 billion in suspicious payments being made through Danske’s Estonian branch between 2007 and 2015.

The scandal, representing money laundering on a huge scale, threw a spotlight on European banks and their efforts to protect against fraud and precipitated renewed considerations of the effectiveness of regulators’ defenses. Further, the revelation challenged businesses to up their game in installing a culture whereby whistleblowing on suspicious or illegal activity is encouraged, with clear procedures for doing so in place.

The role of anti-money laundering whistleblowers

Whistleblowers are defined as those who expose information or activities deemed illegal or unethical. They have historically played an important role in helping banks protect the economic interests of the UK and clampdown on wrongdoing in the financial services industry.  Whistleblowers who report suspicions of money laundering often have inside knowledge which is vital for fighting such crimes. However, blowing the whistle on such activities can often put them in a vulnerable position; they often know the subject, or subjects, of the allegations personally through their work and are put under pressure to remain silent on the information they hold that can incriminate their colleagues. While whistleblowers are protected by the Public Interest Disclosure Act 1998, making them immune from any repercussions, many feel at risk of personal retribution when making the report.

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