Poor policy management leads to multi-million dollar fine for financial service firm
Lack of annual review and regular monitoring for AML system, along with ESG policy inconsistency A Deutsche Bank subsidiary, DWS Investment Management Americas, settled with the SEC to the tune of $25 million for making misleading ESG disclosures and running an ineffective anti-money laundering system. Both failures stem from a lack of systems to review […]
New course release: Market Abuse Regulation
The Market Abuse Regulation (MAR) is aimed at prohibiting insider dealing and unlawful disclosure of inside information, and market manipulation. Train your employees to protect them and your organisation from costly mistakes which could result in fines or even imprisonment. This eLearning course on MAR is set in an immersive format enabling learners to explore […]
New course release: Working effectively with the equality act
Since it came into law in 2010, the Equality Act has provided organisations with a legal framework to operate within. Complying with the Act is essential to ensure that staff do not experience illegal and unethical treatment at work. The Equality Act is a complex piece of legislation that requires careful consideration when embedding its […]
The great regulatory shift. Do we need to prepare for doom?
Presenters at this year’s Law Society conference think law firms need to be ready for increased regulation In a law firm regulatory update at The Law Society’s Anti-Money Laundering and Financial Crime Conference 2023, the presenters pointed out how regulation has increased in the past 15 years. They believe it is a trend that will […]
Understanding gender diversity and non-binary identities
How to explain gender diversity to people who don’t get it Explaining non-binary and gender diversity to people who may be older or unfamiliar with these concepts can require patience, empathy, and clear communication. Here’s a way to explain these concepts in a simple and understanding manner:
SRA’s annual AML report indicates that many firms remain non-compliant
Solicitors Regulation Authority’s FY 2022/23 audit to be released shortly At the Law Society’s Anti-Money Laundering and Financial Crime Conference 2023, Collette Best, the SRA’s director of anti-money laundering, provided a sneak peek into the regulator’s upcoming annual report. The conclusion: Many UK law firms are non-compliant. The implications for these firms are important as Best […]
Accelerate AML onboarding with World-Check and Omnitrack
VinciWorks’ end-to-end AML client onboarding solution (Omnitrack) continues to simplify the onboarding experience with a new direct integration with World-Check. This powerful combination offers direct access to World-Check’s extensive database without leaving your existing tools. The Omnitrack-World-Check integration enables you to effortlessly incorporate customer and third-party risk screening checks into your existing onboarding and monitoring […]
Cheaper by the scandal: Gifts, bribery, and the US government
When corporate board members are held to a higher standard than public officials The senior US senator from New Jersey Bob Menendez has so far refused to resign despite being indicted on federal charges of bribery, along with his wife and three businessmen from the state. The senator allegedly agreed to use his official position […]
Upcoming webinar: 20 years of Cybersecurity Awareness Month – How far have we come?
Wednesday 25th October, 12:00 pm UK time In this webinar with iSTORM, specialists in privacy, security and penetration testing, we will look at how far cybersecurity education and awareness have come over the last two decades and what are the priorities for the future to ensure a secure and interconnected world. This free, one-hour webinar […]
Omnitrack version 2.92.0
Enhanced Audit Trail with Email Events With this enhancement, every time an email is dispatched, whether manually or through automation, we will automatically record an “Email Sent” event on the submission timeline. This update ensures that administrators have a clear, detailed record of when emails are sent and to whom they are addressed. Enhancements to […]
