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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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Wednesday 15 February, 12pm (UK)

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 will be joined by John Sandeman, HMRC’s policy official for Mandatory Disclosure Rules, who will help our listeners get to grips with the UK MDR and how it may impact your organisation.

The webinar will cover:

  • 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?
  • Participant questions for HMRC

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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

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Since the UK Modern Slavery Act came into force, it is estimated that the number of people trapped in forced labour or forced marriages has actually increased, with the number now believed to have reached over 50 million. A mixture of armed conflict, climate change and the global pandemic has made modern slavery a growing challenge, despite an increase in regulations in many countries.

With the UK and other countries set to strengthen their regulations, in this webinar, we look at whether businesses are doing enough to eradicate modern slavery.

The webinar covered:

  • What businesses are currently doing well and how they can improve
  • MSA best practice
  • How modern slavery compliance can enhance your ESG programme
  • Guidance on producing annual modern slavery statements
  • Processes and tools to help you stay on top of your supply chains

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ESG – Environmental, Social and Governance – helps businesses measure their impact on the world. It goes broader than profit and loss and is more detailed than corporate social responsibility.

Over the past year, we have fielded hundreds of questions during our ESG webinars. From how to get started to understanding how to choose the proper ESG framework, businesses at all stages in their ESG journey have unanswered questions.

In this webinar, Director of Learning and Content Nick Henderson and Director of Product Alona Stern answered attendees’ ESG questions.

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In July 2021, HM Treasury launched a new AML consultation entitled ‘Amendments to the Money Laundering Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs)’. The planned updates, most of which are coming into force on 1 September, are required to ensure that the UK continues to meet international AML standards, whilst also clarifying how the UK’s anti-money laundering and counter-terrorist financing (AML/CTF) regime works. UK law firms continue to be at the forefront of the fight against money laundering and terrorist financing.

In this webinar, Lindsay Taylor from Compliance Office and Nick Henderson from VinciWorks gave a thorough overview of the latest in AML compliance and what’s changing.

The webinar covered:

  • The latest amendments to the LSAG guidance and what they mean
  • An overview of MLRs and what’s changing
  • Lessons learnt from previous AML fines
  • How recent sanctions on Russia affect client onboarding and ongoing monitoring
  • Answering attendee questions – send your question in via the registration form

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VinciWorks’ AML client onboarding solution

AML on-boarding solution dashboard

Law firms, accountancy firms and financial corporations are required to conduct risk assessments, client due diligence (CDD) and ongoing monitoring of their clients. The precise processes for CDD and risk assessments are often complex and vary greatly, depending on industry and jurisdiction. Organisations often struggle to implement systems which adequately incorporate all the interconnected requirements of these two vital AML components.

VinciWorks’ AML client onboarding solution can be used to enhance both the risk assessment and document collection aspects of client onboarding. As specific risk factors differ, Omnitrack offers unique workflows built for several industries based on extensive research into industry best practice and regulator guidance.

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Keeping money launderers out of legal services has long been a priority of the SRA. In 2021, the SRA visited an average of 7 law firms a month to check on their money laundering systems. The majority were told to make changes to the way they work. Further, in its latest threat assessment, the National Crime Agency (NCA) estimated that at least 70,000 people are engaged in serious organised crime in the UK, with upwards of £12bn in criminal cash generated annually.

In this webinar, Compliance Office Founder and Director Andy Donovan, and VinciWorks Head of Legal and Product Research Ruth Mittelmann Cohen discussed the SRA’s findings and how firms can maintain AML compliance.

The webinar covered:

  • How to prepare for an SRA AML audit
  • A review of the SRA AML findings
  • How to get your whole firm compliant with AML
  • Unpacking firms’/ clients matter risk assessment
  • Tools and resources for AML compliance
  • Answering attendee questions

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Since Russia launched its invasion on Ukraine at the end of February, the west has imposed significant sanctions on Russia, Belarus, and Vladimir Putin’s oligarchs who fund his war.

The rapidly evolving nature of the situation has made sanctions compliance an increasing challenge for businesses, but also one that is vital to understand and has prompted many organisations to review their compliance processes.

In this webinar, VinciWorks’ Director of Best Practice Gary Yantin and Director of Learning and Content Nick Henderson help businesses tackle questions around global sanctions compliance.

The webinar covered:

  • How sanctions are enforced
  • The challenges presented by sudden sanctions and how to be ready
  • What to do if a client appears on the sanctions list
  • How to stay up to date with the latest sanctions
  • What processes and systems can help your organisation stay on top of sanctions regulations

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Birthday candles for GDPR

Wednesday 25 May, 12pm (UK)

The EU’s General Data Protection Regulation (GDPR) has now been in force for four years. During that time, fines have reached a total of over €1.6 billion, with the majority of fines having been levied in the past 12 months. Also during that time, the UK left the EU, data protection regulation reforms were announced in the UK and the ICO appointed a new commissioner.

On the fourth anniversary of GDPR coming into force, we took a look at the last four years of GDPR, the effect the regulation has had on the way we collect and process data and what we can expect going forward.

The webinar covered:

  • A review of where businesses are falling short in GDPR compliance
  • What can we learn from recent GDPR fines?
  • How the UK’s data protection reforms affect UK GDPR
  • Best-practice guidance
  • How to implement an effective GDPR compliance programme

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