Based on the principle that there is no competitive advantage in compliance, the firms pool their resources to establish industry best practice.

London, UK. The gold-standard Anti-Money Laundering training has undergone its largest update since 2004. Spearheaded by VinciWorks — a leader in online training, compliance and risk solutions — AML experts from 23 of the world’s leading firms have reviewed, rewritten and re-established the industry standard for AML training.

The new courses include 100% new scenarios and exercise questions, as well as a completely new interface. The courses are shorter, easier to read, cleaner and even more engaging than previous versions. The courses also include additional customisation options for firms to insert their own content and links.

Che Odlum, Compliance Manager- Financial Crime and Sanctions at DLA Piper UK, who participated in the core group remarked on the process, “I highly value the opportunity to work collaboratively with my peers from other leading firms. By sharing knowledge, experience and resources, we are able to produce better solutions and establish best practice.“

Guy Powell, another core-group participant and Head of Compliance and Standards at Hogan Lovells said, “One of the strengths of VinciWorks is facilitating the collaborative process. By collaborating, the core group benefits from peer expertise, and thereby produces better solutions that achieve our mutual compliance goals and importantly does so at a lower cost.”

The core group that participated in this anti-money laundering update included: Allen & Overy, Ashton KCJ, Bevan Brittan, Blake Morgan, Cleary Gottlieb Steen & Hamilton, CMS Cameron McKenna, Collyer Bristow Solicitors, Debevoise and Plimpton, DLA Piper, DWF, FBC Manby Bowdler, Herbert Smith Freehills, Hogan Lovells, Holman Fenwick & Willan, Macfarlanes, Matthew Arnold & Baldwin, Mills & Reeve, Shearman & Sterling, Shepherd & Wedderburn, Teacher Stern, Thomas Cooper, Vanderpump & Sykes, Weil Gotshal & Manges.

According to VinciWorks CEO, Howard Finger, “This AML project is yet more evidence that when there is no competitive advantage, sharing makes sense. The concept of collaborative development has been working since 2004 and continues to produce outstanding products that establish best practice, mitigate regulatory risk and reduce the cost of compliance. It is exciting that in 2015 we will be facilitating the model amongst groups of firms in the accounting, financial services and energy sectors.”

The new AML courses are available starting today. Click here to learn more and schedule a demo, visit www.vinciworks.com/aml. To learn more about the collaborative development model and the opportunity for your sector, contact us at www.vinciworks.com

About VinciWorks

Founded in 2002, VinciWorks is the world’s leading provider of online compliance solutions serving the global legal market and other regulated professions.

VinciWorks prides itself on its ability to identify and develop solutions that address client-specific requirements.

Behind VinciWorks’ products lie core strengths in content development, instructional design, online heuristics, enterprise-strength database and web programming and highly responsive customer service.

VinciWorks’ vision is to create a safer, fairer and more honest world by facilitating the world’s regulated sector in the collaborative development of innovative risk and compliance solutions.

To learn more visit: www.vinciworks.com

Contact

Yehuda Solomont
Marketing Manager
Phone: +44 (0)20 8815 9308
Email: yehuda (dot) solomont (at) vinciworks (dot) com

The OCC course Information Security: A Practical Overview was released today for both fee earners and support staff based in the UK and internationally. This short, iPad-friendly refresher course is accredited for 0.5 CPD hours, and provides a framework for ongoing training in the important area of information security. Leading law firms are increasingly identifying information security as a key area of risk, and an important part of their ongoing compliance and risk management training programmes.Screen Shot 2015-06-22 at 11.20.02 AM

 Click here to review the Information Security: A Practical Overview course

This Practical Overview includes engaging scenarios and practical advice on how to implement information security best practice with regard to:

  • Mobile devices
  • Composing email
  • Clear desk policy
  • Passwords
  • Viruses and malware
  • Social networking

The course also includes a customisable page allowing each firm to insert links to their own procedures and policies. If you currently license the OCC Compliance Suite, this new course has been automatically added to your Learning Management System. Otherwise, you can license this course or upgrade your current subscription to the OCC Compliance Suite. Contact us for a demonstration or quotation at sales@vinciworks.com.

 

A new online course developed by the Online Compliance Consortium USA Core Group

Does this phone call sound familiar?

US Partner: …You can’t be serious. I have known these clients for over 10 years. Whose side are you on any way?

UK Partner: Give me a break! I am on your side, I am on the side of the firm and I am on my side. If I fail to do the required client due diligence and as a result fail to report a suspicion of money laundering, the firm’s international reputation is at stake and I personally can go to prison. So think about your responsibility to the firm and your colleagues and just ask for the documentation.

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Click here to Demo: US Client Due Diligence

Tension between US attorneys and their colleagues practicing in AML regulated jurisdictions is all too often the result of confusion over the varying international compliance requirements. This 30 minute course, collaboratively developed by leading US law firms, is intended to: help relieve that tension; clarify the international CDD and AML requirements imposed on US attorneys; protect the firm’s reputation; and help support international compliance.

If you are interested in more information, please email Howard Finger at howard.finger@vinciworks.com, or call him at +44(0)7503270236.

Collaboratively developed by Bird & Bird, Clyde & Co, Hogan Lovells, Mayer Brown and Weil Gotshal & Manges, this new accredited course uses engaging video, animation and interactive scenarios (or an optional text-only version) to ensure that everyone in your firm can understand sanctions and appreciate the risks and damages associated with failure to comply.

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Click here to view a demo of the new Sanctions course

The course explains:

  • What sanctions are and why they are imposed
  • The different types of sanctions in force
  • The way sanctions are used, applied and imposed
  • The licensing of transactions that otherwise would be prohibited
  • The related offences and consequences of breaching sanctions

If you currently license the OCC Compliance Suite, this new course has been automatically added to your Legal Learning Management System.Otherwise, to deploy this course across your firm or for a demonstration or quotation contact sales@vinciworks.com.