Despite the UK Bribery Act having come into force in 2010, bribery is still a hugely problematic issue in corporate life. Billions of pounds of fines are levied every year and frequent reports hit the headlines of investigations and prosecutions from the US Department of Justice and UK Serious Fraud Office.
Bribery cases have ensnared some of the world’s largest companies, biggest sporting bodies and most powerful politicians. The propensity for some people to act corruptly might never change, but our approach to training and compliance can.
VinciWorks will soon be releasing Anti-Bribery: Fundamentals, a new anti-bribery course that will give employees the opportunity to understand the risks of bribery in their working life as well as to test their knowledge and understanding of the subject, and teach them how to avoid becoming ensnared in bribery.
As of 1 January 2020, all “intermediaries” involved in cross-border arrangements in an EU member state that meet certain hallmark categories are required to begin reporting those arrangements. Some businesses are fully compliant with DAC6 while others have only recently started preparing. VinciWorks has implemented DAC6 reporting systems for over 40 firms, including seven of the top ten UK firms.
During this webinar, our experts will explore best practice for reporting, regardless of where you are in this challenging compliance process. We will also answer attendee questions.
The webinar will cover:
What to do if you just found out about DAC6
How different countries are implementing DAC6
The UK’s mandatory disclosure regime
Best practice for reporting in multiple jurisdictions
Does this mean that DAC6 will no longer apply in the UK?
The short answer is no.
The long answer is that the Fair Trade Agreement emphasises that the UK “shall not weaken or reduce the level of protection provided for in its legislation at the end of the transition period below the level provided for by the standards and rules which have been agreed in the OECD at the end of the transition period”. This is a reference to the OECD’s model Mandatory Disclosure Rules (MDR) and includes some elements of DAC6.
How the Brexit deal impacts legal and financial services and data protection
At the last minute, the UK and EU agreed to a Trade and Cooperation Agreement (TCA) governing the new relationship between Great Britain and the EU bloc, Great Britain being the correct term since Northern Ireland remains inside the customs union.
In general, the TCA establishes a trading relationship without tariffs and quotas. But non-tariff barriers such as customs checks, paperwork and regulatory processes will become the norm as they did not exist inside the single market. The services sector, in particular professional services, will be quite significantly affected by the new deal.
What does the Brexit deal mean for legal and professional services?
The TCA does not allow for the mutual recognition of professional qualifications. This means accountants, lawyers and others with recognised professional qualifications may need to seek recognition with the appropriate UK, EU or member state-level body.
Is 2020 over? Well, not quite. While the global roll out of the coronavirus vaccine gathers pace, a slow return to something akin to normal life is likely to stretch into spring or summer 2021 at least. The volatility of the economic situation and the unpredictability of the recovery will cloud the regulatory agenda for some time as businesses grapple with the impact of a very long year that won’t necessarily end on 31 December. But there are a number of trends and milestones to mark on your calendar for 2021.
The Biden Administration
Posted Workers Directive
Global privacy laws
Digital Services Act and Digital Markets Act
We have created an in-depth guide to everything compliance in 2021. The guide gives an overview of each topic and the practical applications of new regulations.
The Health and Safety at Work Act 1974 requires all businesses in the UK to provide whatever information, instruction, training and supervision is necessary to ensure the health and safety of employees at work. Despite the legal requirement, health and safety training has a bad reputation. Due to training being branded boring by employees, it has been seen primarily as a tick-box exercise rather than an important step in making the workplace safer.
New manual handing training module
Over one third of all work related injuries are from manual handling. The most common are back injuries. Anyone involved in transporting items by their hands or bodily force should be aware of safe manual handling techniques, and the risks involved.
We have just added a new interactive module to our health and safety compliance training.
The manual handling module covers:
Employers’ responsibilities to keep their staff safe
Best-practice guidance on lifting, pushing and pulling devices
How to best push and pull heavy objects on heavy surfaces
Instances when a detailed risk assessment is required
2020 was a challenging year. We’ve all had to adapt quickly to the changes to “work as usual” that were thrust on us as a result of the COVID-19 pandemic. Nonetheless, thanks to our dedicated team and clients, we have continued to innovate and exceed our targets with new courses, product updates, webinars and free guides.
Here are some of the highlights from 2020.
750,000 courses delivered
With staff working from home all around the globe, e-learning has supplanted nearly all classroom training. The VinciWorks team worked overtime to ensure that over three-quarters of a million e-learning courses were delivered to learners in over 70 countries.
Top courses for 2020
The average learner took 3.5 courses in 2020 in 5 sittings.
11,000 downloads of free guides, templates and resources
From GDPR policies to DAC6 guides, our subscribers continue to benefit from hundreds of free compliance resources. We have also published several guides and articles relating to COVID-19.
The Posted Workers Directive, an EU Directive introduced on 30 July 2020, aims to ensure fair wages and a level playing field between posting and local companies in the host country whilst maintaining the principle of free movement of services.
The Directive defines a set of mandatory rules regarding the terms and conditions of employment to be applied to posted workers in order to guarantee that these rights and working conditions are protected throughout the EU and to ensure a level playing field and avoid “social dumping” where foreign service providers can undercut local service providers because their labour standards are lower.
These rules establish that, even though workers posted to another Member State are still employed by the sending company and subject to the law of the sending Member State, they are entitled to a set of core rights in force in the host Member State.
Download our guide to the Posted Workers Directive
VinciWorks has created a free guide to PWD. The guide covers:
Introduction to what a posted worker is with examples
When an organisation can post an employee in a different member state
Requirements ahead of, during and after each posting
Who is required to report under PWD
What information should be included in each report
Understanding the new anti-money laundering regulations
The Sixth Money Laundering Directive was required to be implemented into national law across the EU by 3 December 2020. In some countries, such as Germany who implemented the Sixth Directive last month, this required a paradigm shift in how money laundering offences are prosecuted in Germany. The German law abandoned the concept of a catalogue of predicate offenses in favour of an ability to capture profits derived from any criminal activity.