While EU businesses must now comply with GDPR, the majority of American based organizations are unaware of the preparation it takes to be compliant with the new privacy laws that are slowly becoming the norm. California has adopted a law similar to GDPR called the California Consumer Privacy Act, set to take effect on January 1st, 2020. Our California Consumer Privacy Act whitepaper goes into more detail about the Act and how it can affect your business.
As a year since the introduction of the EU’s General Data Protection Regulation (GDPR) approaches, we revisit our popular GDPR Mythbusters series to separate the data protection facts from fiction.
GDPR’s reach promised to be global. Companies around the world would fear the shadow of the EU regulators. They would quake in their sandals or snow boots as diligent Europeans pursued international data bandits across baking desserts and frigid tundra in the name of justice; serving enforcement actions on those crooks, wherever they may hide.
The SRA announced on 20 March 2019 that it is launching a crackdown against firms who fall foul of money laundering procedures. The regulator will initially write to a sample of 400 firms asking them to demonstrate compliance with the Money Laundering Regulations 2017. The SRA will be checking that firms have a money laundering risk assessment and implementation plan in place.
Failure to get to grips with the risk-based regime leaves firms vulnerable to money launderers and an easy target for criminals and terrorists trying to launder dirty money. While compliance can be a challenge, SRA chief executive Paul Philip says “compliance is not optional”. SRA Chief Executive Paul Philip said that his organisation is taking a robust approach to AML enforcement claiming that firms can be wittingly or unwittingly involved in crimes of money laundering and he expects firms to be vigilant in complying with the law.
Anti-money laundering risk assessment for law firms
VinciWorks has created a risk assessment that will help solicitors gain a clear understanding of whether they have the policies and procedures needed to ensure AML compliance.
The SRA Handbook is being replaced by the SRA Standards and Regulations, which will be in force from November 2019.
The new focus of the SRA Standards and Regulations is on each legal professional being able to justify their actions in all work that they carry out. For many legal professionals, including partners, managers, solicitors and support staff, this will require a significant change in approach. Legal professionals often only consider their professional obligations when a conflict of interest arises. However, the new SRA Standards and Regulations emphasise that legal professionals must be able to demonstrate compliance at all times.
Our scenario based course, SRA: Standards and Regulations, is customisable as-standard and includes a unique course builder, ensuring relevant training is delivered to each user based on their role within the firm.
The course will help legal professionals, including support staff, to develop an understanding of the relevant SRA regulations which apply to their specific role in the law firm. The course ensures that all employees of an SRA regulated law firm who have a legal obligation to follow the SRA Standards and Regulations have sufficient knowledge to stay compliant.
As a year since the introduction of GDPR approaches, VinciWorks revisits our popular GDPR mythbusters series to separate the data protection facts from fiction.
Just six minutes after GDPR came into force on 25 May, 2018, two European advocacy groups, Quadrature du Net and None Of Your Business (NOYB), filed complaints against search giant Google. Similar complaints were also levied against the titans of the internet age: Facebook, WhatsApp and Instagram. These actions were not confined to just one jurisdiction. The white knights of data protection made their mark in the halls of national regulators in Paris, Vienna, Brussels and Berlin.
The complaint? Nothing greater than the default advertising settings that come when signing up for a standard Google account. Users must agree for their personal data to be used in order to show them personalised adverts, and Google requires people to agree to those terms and conditions via pre-ticked boxes in what NYOB calls “forced consent.”
Following a successful 2018 that saw over 420,000 course completions, we are excited to present our tentative plan for our new course releases and updates planned for 2019. Every year, VinciWorks plans its course schedule based on a combination of client feedback and prevalent compliance issues. Based on this, we are planning to release training on the SRA Standards and Regulations, DAC6, GDPR, cyber security and more. VinciWorks has also added several US-focussed compliance courses.
Note: this is a tentative schedule and is subject to change as we continuously review the compliance training needs of our clients.
Organisations have a responsibility and a legal obligation to comply with competition law and ensure staff have proper training on the topic. Competition Law: Know Your Market drops users into a set of immersive scenarios that test their knowledge, understanding and ability to comply with the Competition Act 1998 and the Enterprise Act 2002.
Friday 8 March 2019 is International Women’s Day. Over the years the day has increased in significance as reports of harassment against women and workplace inequality continue to headline the news. Over the past 12 months, VinciWorks has collected accounts of people who have experienced or been witness to harassment or workplace inequality. The stories have been shared via our anti-harassment training with the full consent of the author, with their real name replaced to protect them.
It started in the interview. He asked if I was married, then if I had a boyfriend, then he just kind of smiled. The day after I started, he came over to me and sat on my desk, asked me how things were going, and that if I needed anything I could always ask. He said, ‘I’ve got my eye on you.’
Then the text messages started. ‘How was your day? What are you doing at the weekend?’ At 10pm, 11pm, after midnight even. One night I just ignored him and came in early to avoid seeing him in the carpark. But he was there waiting for me at my desk. Eventually I asked someone why he was doing this. She just shrugged and warned me that if I wanted to stay, I better not ignore him.
It really wore me down, the constant messages. I became afraid of my phone in case he would send something, afraid to look and see who it was. I did talk to HR, but they told me to ignore it. I specifically remember they said to me: ‘so you want every man who winks at a women to be afraid of the lawyers?’ As if his behaviour is my fault. Like I’m the one who has to respect his right to treat me like less than a human. And it’s not like this is happening on the street from a random stranger, this is someone who can decide on my career advancement, my salary, who can fire me.
UK estate agents were hit last week with surprise HMRC inspections as part of a week-long crackdown on money laundering in the property industry.
HMRC paid surprise visits to estate agents after they were suspected of trading without being registered as required under money laundering regulations. In all, agents in London (35), Leicester (5), South Bucks and Berkshire (4), Greater Manchester (3), Watford (1), Wakefield (1) and Wolverhampton (1) were raided in order to determine their compliance with money laundering regulations of 2017.