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.
Competition Law: Know Your Market contains three modules on cartels, prices and competitors
VinciWorks has just released a new course as part of its Market Rules series. 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.
Each set of scenario questions is illustrated with real life examples and the latest news concerning enforcement action from the Competition and Markets Authority. Users come away with a comprehensive understanding of the UK Competition Act, the Enterprise Act, and how to apply their knowledge to everyday situations.
The headline is sadly too familiar. We’re told how many more victims have now come forward since the first allegation of sexual misconduct against the previously well-respected celebrity. Victims who knew the perpetrator in a professional capacity with accounts that stretch back to when they, now in the twilight of their career, were in their youth. The reader’s suspicions are confirmed that the abuse was either left unnoticed, ignored, or sadly, but most likely, swept under the carpet for decades. Of course, the unfortunate reality is that for every celebrity in the headlines there are many more non-celebrities whose acts are equally appalling but not newsworthy.
In acknowledgment of this, on May 10th, 2018 the Stop Sexual Harassment in NYC Act was passed with the aim of protecting all employees in New York from sexual harassment in the workplace. The Act places a requirement on New York employers to review their policies and procedures relating to sexual harassment and provide annual anti-sexual harassment training to their staff.
Read more: A guide to the New York sexual harassment laws
What we learned from #MeToo
VinciWorks realized that sexual harassment was an issue that was vital to address from a compliance perspective when the #MeToo movement revealed the shocking prevalence of abuse within society. We began by conducting some research into why workplace sexual harassment was still rife and worryingly found that 50% of respondents didn’t think their organization would deal with a report of sexual harassment very seriously. It confirmed what we already suspected – harassment is a topic that needs to look at the end point first and ask the toughest question: is there a culture of sexual harassment within this organization?
As part of our commitment to providing our clients with better and more efficient products, we are pleased to announce that we have upgraded Omnitrack’s workflows. This upgrade improves many aspects of the system and simplifies workflows without changing any of the current functionality. The new version will feel instantly familiar and straightforward to existing users and should not require any new training.
What is Omnitrack?
VinciWorks’ Omnitrack is a fully flexible, fully customisable data collection tool that can be used by businesses to capture, track and manage any type of information, from registers and assessments to self-reporting forms and notifications. The Omnitrack platform has the versatility and power to log data assets, record complaints and breaches, enable whistleblowing, evidence regulatory compliance and manage other business processes internally, throughout the supply chain or on behalf of independent firms subscribing to outsourced business services.
VinciWorks has released a new mobile-first e-learning course on harassment and bullying at work. MyStory: Harassment and Bullying at Work has directly applied the lessons of the #MeToo movement and the wealth of research into why traditional sexual harassment training doesn’t work to create a brand new kind of anti-harassment experience.
#MeToo launched a movement against sexual harassment through the simplest but bravest act of people sharing their stories. Women and men who had been targeted by predators, subjected to appalling behaviors and victimized by their harassers said no more, enough is enough. They gave abusers nowhere to hide, and employers no room to shield the perpetrators.
The new Market Rules courses contain interactive scenario questions to test users’ understanding of the law
VinciWorks will soon be releasing 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.
We are excited to share that the VinciWorks Learning Management System (LMS) has now been upgraded to version 6.0. The new version of the LMS has many improvements that focus on creating a rich user-friendly learning experience. With a beautiful new user interface, learning plans, video course creation and more, this upgrade improves many aspects of the system, without changing any of the current functionality. You can view a video demonstration of the new version by clicking on the image below.
Read more: Learning Management Systems explained
LMS 6.0 – what’s new?
LMS 6.0 includes hundreds of enhancements to the system architecture, improved user experience and many new features. Note, some of these features are only available to users on the pro and enterprise plan.
VinciWorks’ knowledge checks are five minute courses designed to help you and your staff assess their level of compliance, allowing you to decide on next steps. Feedback is given after each question is answered, allowing users to improve their knowledge while completing the assessment. A score is given at the end of each assessment, meaning users can easily establish how much they have yet to learn.
We have now released two knowledge checks focussing on specific aspects of data protection and the General Data Protection Regulation.
GDPR for Human Resources Staff
Each knowledge check offers feedback after each answer
This GDPR knowledge check was created for human resources staff and tests the following:
- HR’s role in complying with GDPR
- Processing and storing employees’ data
- Consent, subject access requests and conditions for processing data
- Employee rights with regards to GDPR
VinciWorks recently hosted a webinar taking attendees through the new learning management system, including which features will be added when we update from LMS 5 to LMS 6. You can watch the full webinar, as well as access the slides and helpful resources, below.
Some of the features that will be included in LMS 6
Joiners automatically enrol in onboarding courses, leavers are automatically deactivated and any personal details remain in sync.
MyStory: Harassment and Bullying at Work is built around three main sections: Experience, Explore and Share
VinciWorks’ new #MeToo-inspired sexual harassment training solution, MyStory: Harassment and Bullying at Work, has been shortlisted for “Best use of mobile learning” at the prestigious Learning Technologies Awards 2018.
MyStory directly applies the powerful lessons of the recent global outcry against sexual harassment in the workplace through innovative storytelling and a mobile-first design. Soon to be available to download on app stores for free, the course changes the paradigm of previously ineffective, legalistic harassment training by bringing real stories of harassment to life. The course connects users to a global movement and provides everyone with a safe platform to raise their voice against bullying and harassment at work.
MyStory: Harassment and Bullying at Work – Free demo