Symbol of corporate social responsibilityWhat is your organisation doing to embrace social responsibility? Social responsibility initiatives are not only good for the community, they build brand equity and reputation, and enhance client satisfaction. VinciWorks has created a free corporate social responsibility (CSR) policy template that can be used to clearly communicate CSR initiatives to clients and align employee behaviour.

Download policy template

ESG update – 2022

In the last few years, the term ‘ESG’ (environmental, social and governance) has somewhat eclipsed CSR. This doesn’t mean CSR is gone or no longer useful, but it can be helpful to consider CSR in the context of ESG. For more information about what ESG is, what it means, and how it relates to CSR and your business, view our ESG resources page which is constantly updated with new ESG information, guides, webinars and courses.

www.vinciworks.com/ESG

CSR Policy Template: What is CSR and what is a CSR policy template?

Corporate social responsibility refers to the way in which businesses regulate themselves to help ensure that they are socially accountable to themselves, their stakeholders, and the public. Sometimes called “corporate citizenship,” corporate social responsibility helps organisations be conscious of the impact they have on society, including economic, social, and environmental factors. A CSR policy template helps organisations that don’t have their own company policies in place by providing a model that can be used as an example and adapted to the individual needs of each organisation.

CSR Policy Template

What should be included in a CSR policy?

Here is some guidance on what to include in your corporate social responsibility policy:

Introduction

Begin the policy by acknowledging that the way your business is run affects society. While organisations have a responsibility towards their staff, clients and contractors, they must also consider the wider community in which they operate. The introduction should also state your organisation’s commitments to CSR.

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After a successful 2017 that saw over 170,000 course completions, we are excited to present our tentative plan for our new course releases and updates planned for 2018. Every year, Vinciworks plans its course schedule based on a combination of client feedback and prevalent compliance issues.

Updated cyber security training suite with two new courses

After several high profile cyber attacks exposed millions of systems in 2017, VinciWorks is set to release two mini courses to help staff protect themselves and their organisation from the latest threats. Each course can be completed in just five minutes. The two new courses are:

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21 FebruaryOn Tuesday 21 February at 12pm, Director of Best Practice Gary Yantin will be joined by Director of Course Development Nick Henderson to explore the challenges facing organisations in preparing for GDPR and give guidance on what still needs to be done.

The webinar will cover:

  • Is your organisation ready for the changes?
  • What are your biggest challenges?
  • Conducting Data Protection Impact Assessments (DPIA) and making the most out of them?
  • Dealing with sensitive categories of data
  • What to consider when appointing a Data Protection Officer
  • The Data Protection Bill 2018 There will be an opportunity for answering your questions.

The webinar will end with the opportunity to have any questions on the topic answered. You can register for the webinar by clicking on the button below.

Register now

Dollars from a suspicious transaction

Are your staff able to spot suspicious transactions when it comes to money laundering?

Suspicious transactions in money laundering

A suspicious transaction is any transaction or business dealing which raisis in the mind of a person involved any concerns or indicators that there may be something illegal or something related to money launering or terrorist financing involved the the transaction or dealing.

Examples of the money laundering suspicious activity

A few examples of suspicious transactions include the following:

  • Abnormally large transactions
  • Cash payments or deposits where this has not been the norm
  • Customer is reluctant to provide personal information or provides insufficient, hard to trace, or fictitious information
  • Any transaction whose nature, size, or frequency appears unusual or out of the norm for that customer or account
  • Accounts opened in offshore or high risk locations where, for example, drugs or drug trafficking may be prevalent
  • Transfer of investments to apparently unrelated third parties
  • Evidence of customer being a PEP
  • Use of multiple currencies in a transaction

There are many ways that someone will try to launder money, meaning that spotting the crime before it’s too late can sometimes be challenging. Here is some guidance on how to spot suspicious transactions and best practice on how to deal with such suspicions.

There are many ways that someone will try to launder money, meaning that spotting the crime before it’s too late can sometimes be challenging. Here is some guidance on how to spot suspicious transactions and best practice on how to deal with such suspicions.

7 ways to identify suspicious transactions

The guidance below is taken from our interactive e-learning course, Anti-Money Laundering: Know Your Risk. You can demo the course for free here.

E-commerce

Definition: payment for a service or product online through a credit card and other electronic payment systems.

The risk: e-commerce payments create ample opportunity for money laundering and terrorist financing. Selling counterfeit goods online or no goods at all or making payments and transfers where the credit card or the user does not need to be verified are often a blind spot in AML prevention measures.

Tip: have strong identity verification measures and transaction monitoring in place. Using technology to uncover suspicious activity can help reduce the money laundering risk of online payments.

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Compliance and regulations imageThe beginning of a new year is a good opportunity to formalise learning objectives and prepare training schedules. With many new regulations implemented in 2017, and more to come in 2018, VinciWorks has prepared guidance to help you focus on the important compliance topics for the coming year.

General Data Protection Regulation

GDPR will be coming into full force on 25 May. Companies will need to implement staff training, rewrite their privacy policies, review the ways they currently obtain consent from data subjects and assess whether their processes will be valid under GDPR. You can learn more about preparing for GDPR here. We have also published a free data protection policy template and have released a GDPR training course.

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2017 ended with a flurry of allegations against high-profile men, many of whom in the music and entertainment industry, as well as allegations against members of Parliament. The allegations came to light following Hollywood producer Harvey Weinstein’s fall from grace after several women accused him of sexual assault and rape. In late 2017, the #MeToo campaign on social media, together with a BBC survey showing half of the women in the UK have been sexually harassed in the workplace, shed further light on how serious and rampant the issue of sexual harassment at work has become.

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What to expect this year in AML

2017 was a big year in money laundering. The EU deadline for the implementation of the Fourth Money Laundering Directive came and went, with the UK passing its Money Laundering Regulations 2017 just in time, even as other EU nations rushed to catch up. However, the ink hadn’t even dried on the bills as the EU reached an agreement on the Fifth Money Laundering Directive late in December 2017, with the final text due to be agreed upon sometime in 2018.

Download an anti-money laundering compliance timeline for 2018

There are some important money laundering milestones to bear in mind for 2018. VinciWorks has published a month by month guide to anti-money laundering in 2018. The guide, 2018 – the year in money laundering, includes some of the key upcoming moments that relate to money laundering in 2018, including the fallout from the Fourth Directive, preparing for other crucial changes such as GDPR, and the expected FATF review of the UK.

Download guide

Anti-money laundering e-learning training

VinciWorks’ latest anti-money laundering course, AML: Know Your Risk, covers six interactive modules and allows users to delve into realistic anti-money laundering scenarios. Users can also receive instant feedback on their answers to the questions in the course. You can demo the course for free here.

Money in water

Under the Fourth Directive, the rules involving politically exposed persons (PEPs) are no longer limited to foreign officials. Local PEPs will now be subject to the same scrutiny as foreign PEPs. Here are some key guidelines regarding PEPs, the regulations regarding them and how to spot red flags.

Politically Exposed Person (PEP) Definition

A politically exposed person is defined as an individual who is entrusted with prominent public functions, including members of legislative bodies, government ministers, judges, high ranking members of the armed forces and senior officials of state-owned enterprises. The Fourth Directive extended the definition of politically exposed persons to include domestic citizens, as well as foreign ones.

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Subject Access Request module screenshot
GDPR mandates certain procedures when dealing with subject access requests

VinciWorks has added a new module to its data protection course, Data Protection: Privacy at Work. The new module on subject access requests explains what a subject access request is and how to respond to one. The module is the latest addition to the course, following the global data protection guide that was recently added.

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Season’s greetings and a happy, healthy and prosperous new year from the team at VinciWorks!

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VinciWorks by the numbers: 2017 in review

2017 has been yet another busy and successful year for VinciWorks. Learn more about our many achievements here.

Our support office will remain open throughout the holiday season.

We look forward to working with you in 2018!

Warmest regards,

The VinciWorks team