On-demand webinar: Compliance Trends 2024: What to Put on Your Agenda
From loose-lipped CEO’s sinking reputations and sanctions on terrorist financing coming back into focus to a proliferation of neurodiversity employment tribunals and crypto-style boardroom drama infecting the AI fad, 2024 is shaping up to be an ever more complex year for compliance departments. In this webinar, we dive into the top compliance trends to set […]
Office of Trade Sanctions Implementation coming in 2024
UK government continues laser focus on Russia sanctions with new regulator The success of the Office of Financial Sanctions (OFSI) on cracking down on sanctions breaches by companies has sparked the creation of a new body, due in early 2024. Similar to the operation of the OFSI, the new Office of Trade Sanctions Implementation will […]
Legal-fluencer’s law firm unceremoniously wound up
Self-described ‘legal trailblazer’ Alice Stephenson’s firm goes into liquidation with £1.5m debt What makes for a successful law firm? Reputation, delivering for clients, innovation and keeping the regulators on side are perhaps. For self-described ‘legal trailblazer’ Alice Stephenson, known for her tattoos and high profile social media presence, basic competence was not high on the […]
Financial sector sanctions alert: UK government issues red alert on Russian sanctions evasion
This Red Alert is published by the UK government and issued by the National Economic Crime Centre (NECC), a multi-agency unit in the National Crime Agency (NCA), HM Treasury’s Office of Financial Sanctions Implementation (OFSI) and the Foreign, Commonwealth & Development Office (FCDO). Who is this alert for? ✅Banks ✅Credit card operators ✅Foreign exchange dealers […]
The Corporate Transparency Act: A Guide to Compliance
Understanding FinCEN Rules for Beneficial Ownership Reporting The US Corporate Transparency Act comes into force on 1 January 2024. This new piece of federal legislation places a myriad of reporting requirements on companies to ensure they disclose beneficial owners. There are penalties for non-compliance, and companies will be expected to understand their reporting obligations from […]
Over 30 leading law firms join VinciWorks’ second AML Core Group Meeting
More than 30 leading law firms joined VinciWorks’ recent AML Core Group Meeting. The mission of the Core Group is to share best practice in the field of AML compliance to improve policies and procedures for all and to actively manage AML risk. VinciWorks’ Director of Best Practice Gary Yantin gave an AML news update […]
SRA shuts down Axiom Ince through intervention – finally
The firm’s imminent collapse had been an open secret for weeks prior to the closure The Solicitors Regulation Authority closed down law firm Axiom Ince with immediate effect following its intervention. The firm operated 14 branches in England and Wales and employed over 1400 people. The move involves all of its offices and makes all […]
Gambling Giant Entain Set to Pay £600 Million to Settle Failure to Prevent Bribery Investigation
In a major development in bribery compliance, the owner of prominent gambling entities Ladbrokes and Coral, Entain, has agreed to pay nearly £600 million to settle an extensive investigation into alleged bribery at a former business it owned in Turkey. The settlement comes as a result of an inquiry initiated by HM Revenue and Customs […]
Weakened sexual harassment laws send mixed signals to employers
The watered down Worker Protection (Amendment of Equality Act 2010) Act 2023 will do little to change sexist cultures The new act which received Royal Assent on 26 November 2023 and will come into force next year is a far cry from the initial proposals once championed by then Women and Equalities minister Liz Truss. […]
Omnitrack version 2.94.0
New AML onboarding integration with Credas Omnitrack, VinciWorks’ end-to-end AML client onboarding solution, continues to simplify the onboarding experience with a new direct integration with Credas. This powerful combination offers direct access to Credas’ extensive database without leaving your existing tools. No matter the market or sector, the Omnitrack-Credas integration enables you to effortlessly streamline […]
