VinciWorks’ AML case study: Road haulage operators in £30m money laundering scheme

Six men were recently convicted of taking part in a £30m money laundering scam which involved passing dirty money through a road haulage firm. The leading operator was sentenced to 14 years imprisonment, while another person involved was sentenced to five years, and others to three and a half years and eight years respectively.

VinciWorks new case study about the scam explains what happened, how the criminals were caught, what the penalties were, and what the red flags in the case were.

Reading case studies about AML failings can help individuals and organisations improve their AML compliance, reduce the risk of regulatory enforcement actions, and protect their reputation and business interests.

Download the case study

How VinciWorks can help with AML compliance

AML client onboarding solution

Omnitrack, VinciWorks’ AML client onboarding solution enhances both the risk assessment and document collection aspects of client onboarding.

Click here to learn more.

AML training suite – relevant training for all staff

VinciWorks strives to make its AML training more than simply a tick-box exercise.

Click here to learn more.

How are you managing your GDPR compliance requirements?

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

“In a world older and more complete than ours they move finished and complete, gifted with extensions of the senses we have lost or never attained, living by voices we shall never hear.”