VinciWorks
This podcast features the latest interview in the areas of compliance, risk management and e-learning. Topics include ESG, AML, GDPR, harassment, FCPA, anti-bribery and more. Founded in 2004, VinciWorks is a leading provider of online compliance training and risk management software. With over 1,000,000 users across 70 countries, VinciWorks has established itself as the definitive authority in online compliance. VinciWorks offers a range of compliance and regulatory training courses on topics such as the General Data Protection Regulation, the Fourth Anti-Money Laundering Directive, the Criminal Finances Act, the Modern Slavery Act, the Bribery Act, cyber security, the Equality Act and more. All of VinciWorks’ courses are customisable and can be tailored to suit the industry and specific policies of each client. In addition to training courses, VinciWorks offers compliance software solutions including its Learning Management System to track online learning, Omnitrack to track and manage online registers, Policy Tracker, a Risk Management System and more. VinciWorks has also published several policy templates and compliance guides to help organisations comply with the latest laws and regulations.
info_outline
Making your organisation more neurodiversity friendly
04/15/2024
Making your organisation more neurodiversity friendly
Neurodiversity is becoming more understood as a workplace issue. As many as 1 in 7 people in the UK are neurodivergent, meaning that organisations that fail to meet the needs of their neurodivergent staff and clients are neglecting a significant demographic. Although there are challenges associated with these differences, there are also many strengths. At the same time, failing to make workplaces inclusive of neurodiversity is an increasing risk. Over a hundred cases of neurodiversity discrimination were taken to employment tribunals last year, with almost none the year before. Organisations that fail to put in place the right policies and procedures to support neurodivergent staff are at risk of losing talented staff, as well as the risk of legal action. Making a workplace that is neurodiversity friendly doesn’t have to be complicated or expensive. In this episode, we’ll look at what neurodiversity is, strategies to support neurodivergent staff at work, and what policies and procedures organisations should have in place. This one-hour session will cover: - What is neurodiversity and what are different neurodivergent conditions? - The challenges faced by neurodivergent staff at work - Strategies to support and encourage diversity of thought at work - Short workplace scenario clips on how organisations can support neurodivergent people - Supporting neurodivergent staff in the workplace - Creating policies and procedures inclusive of neurodiversity
/episode/index/show/vinciworks/id/30778818
info_outline
Getting to grips with proliferation financing one year on
04/12/2024
Getting to grips with proliferation financing one year on
Since 1 April 2023, all firms in the regulated sector have been required to carry out proliferation financing (PF) risk assessments. This applies to all regulated entities, from law firms to financial services, casinos to cryptocurrency. Regulated entities can create a new risk assessment on proliferation financing or incorporate PF risks into existing AML and terrorist financing risk assessments. However, regulators expect firms to take action to understand the risk of PF and how to mitigate it in their business. Failing to do so can result in a breach of the Money Laundering Regulations. One year into this new requirement on the regulated sector, how effective have the new regulations been? What are the key strategies for compliance, and what are the best practice tips for ensuring PF obligations are met? In this episode, we’ll look at the issue of proliferation financing in detail, discuss strategies for compliance, and share best practices for understanding and mitigating PF risks. This one-hour session will cover: - What proliferation financing is and the jurisdictions and industries at risk - The differences and similarities between proliferation financing, money laundering and terrorist financing - Practical examples of how proliferation financing can happen - Proliferation red flags and high risk indicators - Strategies and technologies to counter the risk of proliferation financing - How to undertake a proliferation financing risk assessment
/episode/index/show/vinciworks/id/30778438
info_outline
An international perspective on gifts, hospitality and bribery laws
03/19/2024
An international perspective on gifts, hospitality and bribery laws
The issues of gifts, hospitality and bribery are increasingly complicated – especially for companies doing business in other countries. The danger of getting caught up in a corruption scandal is damaging, expensive and could be ultimately devastating. But when is a gift considered bribery? How can corruption, or even the perception of corruption, be avoided in business? In this episode, we highlight some recent bribery scandals, analyse how they could be avoided, and take a deep dive into international anti-corruption laws. Most importantly, we discuss how companies can safely conduct business around the world. We include information on Transparency International’s recently released annual report on perceptions of corruption and bribery across the world and explain how it can form a critical part of a company’s bribery and corruption risk assessment. This free episode provides key background info on everything from the Foreign Corrupt Practices Act in the US to the UK’s Bribery Act to the EU’s proposed anti-corruption legislation. If your company has any business in a foreign country, including any parts of its supply chain, you’ll want to listen to this one. This episode features: A basic understanding of anti-corruption legislation around the world Highlights of recent scandals – and how they could have avoided How you can manage your company’s gifts and hospitality policy How to prevent corruption in your business
/episode/index/show/vinciworks/id/30421443
info_outline
Making your organisation more menopause friendly
03/11/2024
Making your organisation more menopause friendly
Many organisations discuss gender equality and promoting women, particularly older and more experienced women. But what does this look like in practice? What are the practical steps to supporting older women in the workplace, and how can barriers to success be overcome? One highly effective strategy is making your organisation menopause friendly. Older women are one of the fastest growing in today’s workplace, and research has shown that nearly two-thirds of women have taken time off work due to their symptoms, with some even leaving their jobs due to not being supported in their workplace. In this episode, VinciWorks compliance experts will take you through the steps your organisation can take to become menopause friendly. From implementing a menopause leave policy to environmental factors affecting a workplace, this session will inform you on why making your organisation menopause friendly is a cost-effective, impactful and necessary initiative. The episode will feature an interview with Dr Rebecca Lewis from the highly respected Newson Health Menopause and Wellbeing Centre. This episode will cover: - The basics of menopause as a diversity and inclusion issue - Building a coalition for progressive menopause change in an organisation - Countering common myths, stigmas and stereotypes - Top tips for implementing a menopause leave policy - Tackling environmental, organisational and cultural factors on menopause
/episode/index/show/vinciworks/id/30269578
info_outline
Global sanctions compliance in 2024
03/04/2024
Global sanctions compliance in 2024
The field of economic sanctions has been growing increasingly complicated in recent years, and the past year was a historic and transformative period for the use of financial sanctions on both the global and UK levels, with Western nations launching an unprecedented line of sanctions against Russia as a result of its invasion of Ukraine in February 2022. Recent conflicts such as the Hamas-Israel war in response to Hamas’s October 7 massacre, the Russian invasion of Ukraine, as well as events in Iran, China and other countries, have grabbed global headlines. These events have sparked waves of new laws and regulations around the world, from sanctions to tougher economic crime compliance rules. All businesses must comply with financial and trade sanctions and companies must be able to prove that they are properly screening for sanctions. Failure to comply with screening requirements can carry stiff penalties reaching into the millions per infraction and any sanctions breach, even accidental, is a crime. This episode will cover: Recent sanctions issues and key compliance challenges and what to be aware of in the present volatile international landscape. The creation of the Office of Trade Sanctions Implementation (OTSI), the UK’s newly created body that will be responsible for the civil enforcement of trade sanctions, including those against Russia. The ever-relevant crossover between sanctions, terrorist financing, and AML, which has become increasingly important as the world faces rapidly evolving geopolitical challenges. The effectiveness of financial sanctions in general and those against Russia in the past two years in particular. Cases of sanctions breaches and consequences. Tips for sanctions compliance for both regulated and non-regulated businesses.
/episode/index/show/vinciworks/id/30165548
info_outline
Understanding the EU AI Act - What do companies need to know?
02/28/2024
Understanding the EU AI Act - What do companies need to know?
In this episode, we explore the vast implications of the EU AI Act, the world’s first comprehensive AI regulation. With this legislation, the EU hopes to create a framework to regulate AI systems across the EU. But the Act will impact companies who do any business in the EU, and, similar to the General Data Protection Regulation (GDPR), the AI Act will likely set a global standard. This episode will provide key background on how the AI Act was developed, its main elements, including an understanding of its risk-based approach, and critical advice on what companies must be aware of. Importantly, we focus on how companies can prepare to comply. This episode will feature: A basic understanding of the AI Act How it will likely impact your company The impact of GDPR on AI – and why that matters How you can prepare – and when you need to Future trends in AI regulation around the world The episode features the VinciWorks compliance team and a legal GDPR / AI expert.
/episode/index/show/vinciworks/id/30130868
info_outline
Understanding failure to prevent fraud - The new UK compliance requirement
01/29/2024
Understanding failure to prevent fraud - The new UK compliance requirement
Under UK law, a corporation can face criminal prosecution if it fails to prevent certain actions from being undertaken by its employees, associates or even contractors. In this episode, we explain what this new corporate criminal offence means, what kind of fraud is covered, and how to comply with the ‘failure to prevent’ provisions. Try our new customiseable collection of Fraud courses: Download our guide to Tax Evasion: Failure to Prevent:
/episode/index/show/vinciworks/id/29644268
info_outline
Compliance Trends 2024: What to put on your agenda
01/22/2024
Compliance Trends 2024: What to put on your agenda
This episode dives into the top compliance trends to set your agenda for 2024. We’ll also delve into key compliance issues we expect to see in areas like anti-money laundering, diversity and inclusion, and sustainability. We’ll review key pieces of legislation we’re tracking in the EU, US and UK. Try our customisable AI compliance training courses for free: Download our free Top 10 Compliance Trends 2024 Guide: Download our free Guide to Mental Health and Psychological Safety: Download our free US Corporate Transparency Act Guide: Download our free Guide to the Foreign Subsidies Regulation (FSR):
/episode/index/show/vinciworks/id/29545783
info_outline
Menopause in the Workplace
12/19/2023
Menopause in the Workplace
This episode discusses the taboo subject of menopause, specifically how menopause impacts the workplace. We go into the undeniable stigma around this topic, why it is important for businesses to offer more support to their employees, and how they could go about this. Resources: Try our customisable GDPR and data protection training courses for free: Download our free guide to World Menopause Day: Learn more about our customisable Workplace Diversity Questionnaire:
/episode/index/show/vinciworks/id/29126633
info_outline
GDPR and Automation: Tracking the Challenges of Compliance
12/05/2023
GDPR and Automation: Tracking the Challenges of Compliance
GDPR presents not just a single compliance challenge - how to get policies and procedures right - but an ongoing plethora of overlapping priorities that must be dealt with at various levels of the business. From implementing technical measures, tracking data subject requests and putting in place incident breaches registers, there is never an ‘end’ point to GDPR compliance. However, automation of various data privacy and technical security tasks can vastly improve compliance efficiency and, more importantly, provide evidence of how your organisation complies with GDPR. In this podcast, join our experts as they discuss: The key GDPR compliance challenges for different types of organisations What is automation in compliance, and how does it work? What kinds of GDPR tasks can be automated Making the most of GDPR and automation How to save your organisation time, money and hassle with automation tools Resources: Try our customisable GDPR and data protection training courses for free: Download our free guide to Managing GDPR: Register for a free demo of the GDPR Registers Solution:
/episode/index/show/vinciworks/id/28916338
info_outline
The HMRC AML consultation. What does the regulated sector need to know? - Part 2
09/18/2023
The HMRC AML consultation. What does the regulated sector need to know? - Part 2
Gary and Nick from VinciWorks continue looking at the UK government's planned changes to how money laundering regulations are supervised and enforced. With four options on the table, from increased powers for OPBAS to an entirely new public sector regulator, what might these changes mean for the regulatory sector? Resources: Try our AML compliance training: Learn more about our AML onboarding Omnitrack solution: Download our free resource on AML compliance - What financial services firms need to know about ongoing monitoring:
/episode/index/show/vinciworks/id/28042653
info_outline
The HMRC AML consultation. What does the regulated sector need to know? - Part 1
09/11/2023
The HMRC AML consultation. What does the regulated sector need to know? - Part 1
What's the latest on the UK government's planned changes to how money laundering regulations are supervised and enforced? Reform of the AML/CTF regime is coming, with the government proposing four potential changes, from increased powers for OPBAS to an entirely new, public sector regulator. What will be the impact of the regulated sector of these changes, and what is your preferred model? Resources: Try our AML compliance training: https://bit.ly/AML-courses Learn more about our AML onboarding Omnitrack solution: https://bit.ly/AML-onboarding-solution Download our free resource on AML compliance - What financial services firms need to know about ongoing monitoring: https://bit.ly/finserv-ongoing-monitoring
/episode/index/show/vinciworks/id/27943752
info_outline
Health and Safety in the Inflation Age
08/28/2023
Health and Safety in the Inflation Age
For health and safety professionals, the challenge in today’s workplace is ensuring health and safety remains a top priority in a world of overlapping crises when many people are struggling to make ends meet. Health and safety has never been more important when an accident at work could leave people in an even worse position. In this podcast, join our experts as they discuss: The impact of inflation and cost of living crisis on health and safety infrastructure Recent cases and statistics of H&S challenges for businesses Best practice in health and safety training and compliance The risks to organisations in letting health and safety compliance slip Lessons from compliance priorities in challenging times Resources: Try our Health and Safety training courses: Learn more about our Health and Safety risk assessments tool: Download our free guide for Health and Safety for managers and directors: Learn more about our Ergonomics self-assessment:
/episode/index/show/vinciworks/id/27840591
info_outline
Decoding CSRD: Understanding Sustainability Compliance and Reporting
07/24/2023
Decoding CSRD: Understanding Sustainability Compliance and Reporting
CSRD, a new EU legislation, mandates large and listed organisations to publish reports on social and environmental risks and their impact. Join Gary Yantin, Nick Henderson-Mayo, and Naomi Grossman in this informative podcast, where they unravel CSRD’s complexities and guide you on compliance and reporting strategies. In this podcast, you’ll gain an understanding of CSRD, including: A deep dive into CSRD and its origin Step-by-step guidance on CSRD compliance and reporting guidelines Key considerations for both EU and Non-EU businesses Timelines and strategies for preparing your organisation for CSRD Resources: Try our Sustainability and ESG training: Download our free EU CSRD guide: View our Sustainability and ESG course catalogue: Learn more about our Supplier Onboarding solution:
/episode/index/show/vinciworks/id/27520944
info_outline
SRA's Diversity Survey: A guide to beating this summer's deadline with the SRA's Head of EDI
07/12/2023
SRA's Diversity Survey: A guide to beating this summer's deadline with the SRA's Head of EDI
The Solicitors Regulation Authority (SRA) has announced that its biannual mandatory diversity survey will be due on 23 July 2023. All SRA-regulated law firms, regardless of size, must collect, report and publish their workforce diversity data every two years. In this podcast, VinciWorks’ Director of Best Practice, Gary Yantin, is joined by Siân Hughes, Head of EDI at the SRA, and Andrew Donovan, Managing Director at Compliance Office. Gary, Siân and Andrew discuss the importance of reporting and publishing SRA diversity data. Resources: Try our AML compliance training: Download free AML resources: Learn more about our AML onboarding solution:
/episode/index/show/vinciworks/id/27390036
info_outline
The Money Laundering Files: Yevgeny Prigozhin, a Russian warlord, passes money laundering checks
07/10/2023
The Money Laundering Files: Yevgeny Prigozhin, a Russian warlord, passes money laundering checks
Despite international sanctions, London-based law firm Discreet Law took on Wagner Group head Yevgeny Prigozhin as a client after he passed money laundering checks. The Russian warlord most recently led a mercenary rebellion in Russia and is now believed to be in Belarus. Resources: Try our AML compliance training: Download free AML resources: Learn more about our AML onboarding solution:
/episode/index/show/vinciworks/id/27376578
info_outline
The Money Laundering Files: Crypto Exchange Bitzlato Owner Arrested for Money Laundering
06/19/2023
The Money Laundering Files: Crypto Exchange Bitzlato Owner Arrested for Money Laundering
This case involves Anatoly Legkodymov, a Russian national who was arrested for his alleged operation of a money-transmitting business that transported and transmitted $700m in illicit funds and that failed to meet US regulatory safeguards, including anti-money laundering (AML) requirements. Legkodymov is the majority shareholder of Bitzlato, a Hong Kong-registered cryptocurrency exchange that operates globally. Resources: Try our AML compliance training: Download free AML resources: Learn more about our AML onboarding solution:
/episode/index/show/vinciworks/id/27159360
info_outline
SRA Diversity Survey 2023 - What You Need to Know
06/05/2023
SRA Diversity Survey 2023 - What You Need to Know
The Solicitors Regulation Authority (SRA) has announced that its mandatory diversity survey will be due on 23 July 2023, with reporting open from 26 June. In this episode, VinciWorks' EDI expert Nick Henderson-Mayo speaks to Compliance Office's Director and Founder Andy Donovan to give firms guidance on what needs to be reported, which firms need to report, why the survey is so important, and more. We also take you through the free reporting tool VinciWorks is offering to help you collect and aggregate the relevant data from your staff. Additional resources: Request our free data collection solution: https://bit.ly/diversity-survey-2023-registration Sample SRA diversity survey: https://bit.ly/diversity-survey-2023-sample
/episode/index/show/vinciworks/id/27037017
info_outline
GDPR - Five Years On
05/25/2023
GDPR - Five Years On
The EU’s General Data Protection Regulation (GDPR) has now been in force for five years. During that time, fines have totalled close to €2.8 billion, with over €1 billion in fines coming in the past 12 months. The most recent fines show that both large and small businesses are subject to regulators’ scrutiny. Recorded the day before GDPR's fifth anniversary, in this episode we look at the effect the regulation has had on the way we collect and process data and what we can expect going forward. We were joined by our own in-house DPO to take you through the key developments in GDPR from across the EU. GDPR resources: Customisable GDPR training: https://vinciworks.com/courses/gdpr/ GDPR registers software solution: GDPR resources:
/episode/index/show/vinciworks/id/26940216
info_outline
FCA compliance — Are you doing enough to combat money laundering?
05/22/2023
FCA compliance — Are you doing enough to combat money laundering?
The UK ranks second highest among money laundering hot spots worldwide, with an estimated £88 billion laundered each year. Financial institutions are responsible for catching the bad actors to prevent and stop money laundering. But unfortunately, it’s not always easy to identify who they are. In this episode, we are joined by Nick Henderson-Mayo, VinciWorks’ Director of Learning and Content, Naomi Grossman, VinciWorks’ Learning and Content Manager and Sandra Erez, VinciWorks’ Director of Global Enterprise Sales, to explore money laundering, how it impacts financial services firms, and what firms can do to protect themselves. Resources: Try our AML compliance training: Download free AML resources: Learn more about our AML onboarding solution:
/episode/index/show/vinciworks/id/26878371
info_outline
The Money Laundering Files: Glencore Pays Record £281m for Bribery in Africa
05/15/2023
The Money Laundering Files: Glencore Pays Record £281m for Bribery in Africa
This case involves the mining and commodities giant Glencore, which was fined £281m for using bribes to bolster its oil profits in five African countries. The company paid cash bribes to officials in the country’s national oil and gas companies. Resources: Try our AML compliance training: Download free AML resources: Learn more about our AML onboarding solution:
/episode/index/show/vinciworks/id/26766018
info_outline
The Money Laundering Files: Lafarge Guilty of Providing Material Support to ISIS
05/09/2023
The Money Laundering Files: Lafarge Guilty of Providing Material Support to ISIS
In this episode, we look at a case involving the US government's first-ever prosecution of a corporation for providing material support for terrorism. In this case, Lafarge and its subsidiary pled guilty to giving donations and “taxes” to ISIS and al-Nusrah Front (ANF), two of the world’s most notorious terrorist organisations, in exchange for the continued operation of their cement plant in Syria. The company received a nearly $800 million fine. Resources: Try our AML compliance training: Download free AML resources: Learn more about our AML onboarding solution:
/episode/index/show/vinciworks/id/26765259
info_outline
The Money Laundering Files: Ex-Premier League Star Richard Rufus Jailed Over £15m Fraud
05/03/2023
The Money Laundering Files: Ex-Premier League Star Richard Rufus Jailed Over £15m Fraud
Richard Rufus was part of both Charlton Athletic teams that earned promotion to the Premier League during the Alan Curbishley era, playing in the 1998 Football League First Division play-off final against Sunderland that Charlton won on penalties. Ten years after being inducted into Charlton's Hall of Fame in 2013, he was convicted for fraud. He was able to convince friends, family members and associates to invest with him by claiming he was getting 60% in returns. One victim testified that he was told by Rufus that he only traded 5% of the capital investment, which meant 95% would have been retained safely - reducing the risk of incurring large losses. This made it seem like an incredibly safe, profitable investment. In this episode, we discuss how easy it is to get duped into a bad investment, especially when the bad investor is a former star athlete. Resources: Try our AML compliance training: Download free AML resources: Learn more about our AML onboarding solution:
/episode/index/show/vinciworks/id/26623515
info_outline
The Money Laundering Files: Understanding China and its Risks
04/24/2023
The Money Laundering Files: Understanding China and its Risks
China is of growing concern to compliance professionals on a number of fronts. From sanctions on Uyghur forced labour to supply chain disruption to warnings about China’s banks, the world’s second-largest economy is both of critical importance and an increasingly critical risk. In this episode, we look at China’s role in corporate compliance, and what companies should be aware of when doing business with or in China. Resources: Try our AML compliance training: Download free AML resources: Learn more about our AML onboarding solution:
/episode/index/show/vinciworks/id/26623209
info_outline
The Money Laundering Files: Commerzbank Makes the List
04/17/2023
The Money Laundering Files: Commerzbank Makes the List
In this episode, Nick and Naomi are back to talk about yet another big money laundering case involving a bank. This time they look at how banks can mess up their anti-money laundering systems - and get fined, royally. Specifically, Commerzbank’s London Branch being hit with a whopping £38m fine by the FCA for not having good AML controls. Resources: Try our AML compliance training: Download free AML resources: Learn more about our AML onboarding solution:
/episode/index/show/vinciworks/id/26416077
info_outline
Compliance 101: An Update From the Law Society's Risk and Compliance Conference
04/03/2023
Compliance 101: An Update From the Law Society's Risk and Compliance Conference
What are the big topics affecting law firms? In this special episode recorded shortly after the Law Society's Risk and Compliance conference, Gary Yantin and Nick Henderson break down the key issues of concern for the legal industry. Resources: Try our AML compliance training: Download free AML resources: Learn more about our AML onboarding solution:
/episode/index/show/vinciworks/id/26389620
info_outline
The Money Laundering Files: ‘Made in China’ Makes the List
03/27/2023
The Money Laundering Files: ‘Made in China’ Makes the List
In a case before the High Court, the World Uyghur Congress argued that UK authorities should have launched money laundering investigations into the cotton imports brought into the UK from the Xinjiang region of China because of the high likelihood of forced labour that was present at the start of the supply chain. The court refused the claim but the reasons indicated that other supply chain challenges could be successful in the future. Companies doing business in China should be on high alert. In this episode, we dig into the implications of the case for companies dealing with suppliers in China. Resources: Try our AML compliance training: Download free AML resources: Learn more about our AML onboarding solution:
/episode/index/show/vinciworks/id/26341551
info_outline
AML Compliance - Are Paper-Based ID Checks Dead?
03/23/2023
AML Compliance - Are Paper-Based ID Checks Dead?
Many firms are still carrying out paper-based identification and verification of clients during the onboarding process. But is this the most efficient method? In this episode, we are joined by Thirdfort’s AML Services Manager Harriet Holmes, Compliance Office’s Managing Director Andy Donovan and VinciWorks’ Director of Product (Omnitrack) Ruth Mittelmann Cohen to explore the extent to which paper-based ID checks are still the best way to carry out CDD.
/episode/index/show/vinciworks/id/26321346
info_outline
The Money Laundering Files: Credit Suisse Found Guilty
03/20/2023
The Money Laundering Files: Credit Suisse Found Guilty
In this episode, Nick Henderson and Naomi Grossman examine a compliance case that rocked the world of Credit Suisse, the venerated global investment bank and a crown jewel of Switzerland. It seems that Credit Suisse has been lurching from one scandal to the next, much of it due to their lack of serious anti-money laundering efforts. But this case is really significant because it’s the first time a Swiss bank was subject to this kind of criminal prosecution.
/episode/index/show/vinciworks/id/26273232
info_outline
Compliance 101 special: Understanding the failure to prevent fraud offence
02/27/2023
Compliance 101 special: Understanding the failure to prevent fraud offence
Under UK law, a corporation can face criminal prosecution if it fails to prevent certain actions from being undertaken by its employees or contractors. The UK government have recently announced they are pushing ahead with a game-changing new regulation to expand the ‘failure to prevent’ family of offences to fraud. In this episode, Director of Learning and Content Nick Henderson-Mayo and Directory of Best Practice Gary Yantin get into detail about the proposed new law, and what it might mean for compliance. Download our guide to the 'failure to prevent' family of offences: https://bit.ly/failure-to-prevent
/episode/index/show/vinciworks/id/26048304