Nagware allows managers to automatically send out an email to remind staff to begin or complete a learning activity. Administrators can select when to start sending the nag emails, often to send them and a trigger for when to begin to send the nag emails.
We have just added a new feature that means a “nag” can easily be duplicated so that a new nag doesn’t need to be started from scratch.
Administrators can now easily duplicate a “nag” without having to copy and paste the details of a previous nag
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As the first year of the SRA’s new approach to continuing competence enters its final quarter, we have introduced two new reports in the VinciWorks Continuing Competence Module that will help you analyse learning progress across the firm.
The reports are:
- Competency – Progress by User
- Competency – All Needs
One of the first orders of business for the new government, whatever its colour, is to pass the Money Laundering Regulations 2017. According to EU rules, the Fourth Money Laundering Directive must be transposed into UK law by 26 June. While the consultation phase has been completed, there is still room for a new government to make some movement on the new regulations if it wishes. The Directive still leaves some rules open to national interpretation, so while the core of the changes are set, a new government will have just weeks following the election to decide what to do.
However, for the main themes of the legislation we do know what will be changing. Accountants need to be aware of some of the key changes coming in the Fourth Directive.
UBO is changing
The ultimate beneficial owner of a corporate client will need to be determined and due diligence checks performed. A UBO is anyone who owns or controls 25% or greater percentage in a corporation. If you don’t know who the UBO of a client is, you must take “all reasonable steps” to determine this. If no beneficial owners can be identified, then the details of senior managers must be recorded.
What business needs to prepare for no matter who walks into Number 10
Theresa May called a general election expecting, we all assume, that she would have an easy ride back into 10 Downing Street. While she still enjoys a commanding lead over the Labour party, this has narrowed in recent weeks. The Tories are still odds-on favourite to win, although elections can often throw up surprises.
Now the manifestos of all the major parties have been published, we can glean some idea of what will be changing in the compliance landscape no matter who the Prime Minister will be after the election. Of course, should the election result in a hung parliament, manifesto pledges can be traded and bartered away, and promises made before an election can often be forgotten in the glow of victory.
Nevertheless, it’s always a good idea to consider the potential risks of an election outcome, and start to prepare accordingly.
VinciWorks’ suite of training on modern slavery now includes three courses:
Like all VinciWorks courses, the modern slavery courses can be fully customised to:
- Fit internal procedures
- Adhere to internal style
- Include extra relevant information
In fact, every word of the courses can easily be customised.
Below are examples of the four most common customisation requests that we have collected in order to help organisations better understand best-practice for customisation.
1. Opening quote
The course Modern Slavery: Prevention Exploitation features a quote by Theresa May underscoring the severity of modern slavery. Many firms have replaced this quote with a quote or letter from an executive that reiterates the organisation’s commitment to combating slavery.
This quote sets the tone for the course and conveys the deep responsibility that all staff should feel towards the issue.
The Criminal Finances Bill, the government’s attempt to call time on the sunny shores of tax evasion, is due to pass through its final stages in the Lords at the end of April. There is some debate as to whether the bill will actually pass before parliament is dissolved. Jason Collins, a tax expert at Pinsent Masons believes that it will, while Osborne Clarke believes that it will not.
Update: the Bill received royal assent on 27th April to become the Criminal Finances Act.
If it does pass, it will come into force by the end of September 2017.
The most significant part is the new offence of corporate failure to prevent tax evasion, both in the UK and overseas.
The Bill will effectively make a business vicariously liable for the criminal acts of its employees and other persons ‘associated’ with it leading to the facilitation of tax evasion, even if the senior management of the business was not involved or aware of what was going on. This is true wherever in the world the tax is owed, and the Bill targets businesses based in the UK or abroad.
New modern slavery course for procurement teams
VinciWorks has just released a new advanced course on Modern Slavery. A companion to the introductory Modern Slavery: Preventing Exploitation, this 45 minute course is tailored to procurement teams. It gives further insight into modern slavery in supply chains and will help carry out risk assessments. The course can be fully customised to suit internal procedures.
The course includes:
- Common problems to look out for in the supply chain
- High risk countries and products
- Real-life scenarios from different parts of the supply chain to test your ability to spot red flags
- Practical steps for projects
- Questions to ask potential suppliers
- Guidance on addressing risks of modern slavery in your supply chain
Industry-specific red flags
Our course highlights industries where modern slavery is most likely to occur
Click below to demo the course for free.
Demo the course
After a successful 2016 that saw 150,000 course completions, we are excited to present our tentative plan for 2017 online course schedule.
Administrators can now force any user to reset their password when they next login to the Learning Management System (LMS).
This is useful in a variety of cases, such as:
- If you add a user with a temporary password
- If a user has a very simple password that you would like them to change
- Periodic cyber-security clean-up.
To access this feature, click on ‘Add New User’ or select a user and choose ‘Edit User’ in the menu. There you will find a tick-box to force password reset.
You can also force a firm-wide password reset. Email our support team for further instructions.
Firms that license the Continuing Competence Module (CCM) now have the ability to create a separate login page for the CCM. This enables firms to create a fully immersive continuing competence experience that is separate from regular online training. On the ‘competence only’ login page, users focus on the reflection and planning stages of their learning before diving directly into their learning record.
This login page can be created through a straightforward modification to the regular LMS hyperlink.
How to create the direct hyperlink
To do so, simply append
competencylogin.aspx to the end of the regular link. The new link should look something like this:
Note: Firms that use Single Sign On should append
When a user logs into the system with this URL, they should see the Continuing Competence Module: