Did you know the UK ranks second highest among money laundering hot spots worldwide? It’s estimated £88 billion is laundered every year.

Financial institutions are responsible for catching the bad actors to prevent and stop money laundering. But unfortunately, it’s not always easy to identify who they are. 

In this webinar, our experts, Nick Henderson, Naomi Grossman and Sandra Erez, explore money laundering, how it impacts financial services firms, and what firms can do to protect themselves.

The webinar covered: 

  • The importance of having risk assessments in place
  • Best practices for client due diligence
  • Understanding money laundering legislation – staying compliant or facing the consequences
  • How to identify red flags in financial transactions
  • What we can learn from recent high-profile money laundering fines

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You can listen to this webinar as a podcast episode here.

Wednesday 31 May, 12:00 pm (UK)

Organisations have increasingly shown their commitment to sexual minority employees and customers with inclusive marketing and rainbow advertising.

But what concrete steps should organisations take to support their sexual minority staff, and how can businesses celebrate Pride when there are still so many challenges that LGBTQ+ individuals face worldwide? 

Join us for an in-depth webinar where we will hear from experts in the field and draw on lived experience interviews to look at the challenges that sexual minorities encounter in the workplace and what organisations can do to enable them to feel comfortable being themselves at work.

Our panel is made up of LGBTQ+ individuals and allies, along with interviews from several LGBTQ+ leaders and speakers.

This webinar will cover: 

– Why sexual orientation is important to a person’s identity
– The stereotypes that sexual minority individuals face in the workplace
– The challenges and rewards of being out at work
– Policies and procedures to support sexual minorities
– Steps for creating a workplace culture where people can bring their whole selves to work
– What is Pride, and why does it matter? 

Free Registration

Wednesday 24 May, 12:00pm (UK)

The EU’s General Data Protection Regulation (GDPR) has now been in force for five years. During that time, fines have totalled close to €2.8 billion, with over €1 billion in fines coming in the past 12 months. The most recent fines show that both large and small businesses are subject to regulators’ scrutiny.

Listen again to our webinar on GDPR’s fifth anniversary to look at the effect the regulation has had on the way we collect and process data and what we can expect going forward. We were joined by our own in-house DPO and went through the key developments in GDPR from across the EU.

The webinar will cover:
– A review of where businesses are falling short in GDPR compliance
– What can we learn from recent GDPR fines and enforcement actions?
– An update on the UK government’s proposed GDPR reforms
– The GDPR risks of AI services like ChatGPT
– Best-practice guidance
– How to take your GDPR compliance to the next step

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Many firms are still carrying out paper-based identification and verification of clients during the onboarding process. But is this the most efficient method?

In this webinar, we were joined by Thirdfort’s AML Services Manager Harriet Holmes, Compliance Office’s Managing Director Andy Donovan and VinciWorks’ Director of Product (Omnitrack) Ruth Mittelmann Cohen to explore the extent to which paper-based ID checks are still the best way to carry out CDD.

The webinar will cover:

  • What should firms be thinking about when identifying and verifying clients?
  • What methods are available to carry out client checks?
  • How often should you carry out ongoing monitoring of clients?
  • What should you think about before purchasing technology to improve your onboarding process?
  • What are the latest AML updates?

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People are multi-dimensional in their identities and may identify with several different marginalised or minority groups at the same time. These overlapping identities can result in multiple and intersecting forms of bias, discrimination and disadvantage, both in the workplace and in wider society.

Intersectionality provides a framework for considering our different identities and experiences in order to understand the complexity of biases and prejudices that people can face and take steps to address any resulting inequality or discrimination.

In this webinar, we drew on expert insight, ‘lived experience’ interviews and original drama to look at how an intersectional approach can support inclusion and help to achieve more equitable outcomes.

The webinar covered:

  • What we mean by ‘intersectionality’
  • How our intersecting identities can overlap to create privilege or disadvantage
  • Why taking an intersectional approach is key to more effective inclusion
  • The importance of collecting and analysing data
  • How to put an intersectional approach into practice

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Broadcast Wednesday 15 February

In November 2022 HMRC released the summary of responses from their consultation on the UK’s Mandatory Disclosure Rules (MDR).

The consultation clarified that:

  1. The historic lookback period will go back to 25th June 2018 (and not 29th October 2014 as originally stated).
  2. Reporting will be via XML only.

With UK MDR expected to come into force in the first half of 2023, Vinciworks was joined by John Sandeman, HMRC’s policy official for Mandatory Disclosure Rules, who helped our listeners get to grips with the UK MDR and how it may impact your organisation.

The webinar covered:

  • What are the key differences between UK DAC6 and UK MDR?
  • Who does UK MDR apply to?
  • Who is required to report under UK MDR?
  • How will VinciWorks be supporting UK MDR?

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Wednesday 1 March, 12:00pm (UK)

Supplier onboarding has become increasingly challenging and complex in recent years. A major factor that has contributed to this situation is the ongoing conflict in Ukraine, which has resulted in heightened security concerns and economic instability, making it more difficult for companies to manage their supply chains.

In addition to the ongoing conflict in Ukraine, new legislation and regulations have been introduced to tighten restrictions on oligarchs and their illicit gains. This has resulted in increased scrutiny of suppliers, making the onboarding process more comprehensive and time-consuming. Furthermore, new jurisdictions like Turkey and the UAE have been grey-listed by the FATF for money laundering, which has led to increased regulatory requirements and a need for more due diligence in the onboarding process. The difficult economic circumstances and supply chain challenges only add to the complexity of supplier onboarding, making it increasingly difficult for companies to manage their suppliers effectively.

Overall, these factors contribute to a more complex supplier onboarding process, requiring more time, resources, and attention. Conducting effective due diligence including sanctions screening and understanding who the supplier is and who their UBOs are is vital to preventing serious compliance failures. 

In this webinar, VinciWorks will take you through: 

  • The supplier onboarding process
  • Undertaking money laundering and sanctions checks
  • How to ensure AML compliance
  • How to assess risk levels and create a due diligence audit trail
  • What tools and resources you need for supplier onboarding
  • New regulations in the EU, UK and US to take account of when supplier onboarding

Free registration

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In a rapidly changing economy, companies are ever more reliant on a well-functioning supply chain to get things done. From outsourcing payroll to launching a new product, supply chain management has never been more crucial. Examining the risks posed by new suppliers is equally vital. A worrying incident can have a knock-on effect on your business, from reputational risk to fines or criminal action.

Many companies have become highly skilled in managing their own health and safety risks, particularly since the pandemic. But what about the health and safety risks of third parties? What are your legal, ethical, and ESG responsibilities to ensure the health and safety of workers in your supply chain? How do you ensure suppliers are meeting their health and safety obligations, how do you assess suppliers for risk, and what should you do if you have health and safety concerns in your third parties?

In this webinar, VinciWorks, in collaboration with our partners DeltaNet, examine the risks of third-party failures in health and safety.

We look at:

  • Legal, ethical and ESG obligations in supply chain management
  • The health and safety expectations of third parties in your value chain
  • The risks of a health and safety failure from a third party
  • How to mitigate third-party risks in health and safety
  • Undertaking health and safety-focused risk-based due diligence

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Getting third-party risk management right is critical for businesses. Join VinciWorks and CoreStream for a special webinar on ensuring effective procedures for extended enterprise management. We’ll dive into how to identify and mitigate risks through effective and efficient processes and what to consider when implementing risk-based third-party due diligence.

The webinar covered:

  • What do third-party risk management and vendor risk management cover?
  • How deep down the supply chain should risk management go?
  • What kind of risk factors should be considered?
  • What data should be collected from third parties?
  • Answering attendee questions

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Most organisations have clear policies on discrimination and would claim to have a zero-tolerance approach to racist attitudes and behaviours. However, racism and racial bias remain a problem in the workplace.

In this webinar with leading film-based learning provider Skill Boosters, we share “lived experiences” from a range of employees from all backgrounds on how they’ve experienced racial bias, and discuss what organisations can do to tackle them.

The webinar covered:

  • How we define ‘racism’ and ‘racial bias’ and the changing nature of racism
  • The impact of racial and cultural stereotypes
  • How racial bias can impact workplace processes, such as recruitment and selection, onboarding and promotion
  • Ways in which racial bias can be displayed in workplace behaviours
  • How to find out whether racial bias is a problem in your organisation
  • Tips for leaders and all staff for tackling racial bias at work

Watch now

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