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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: https://vinciworks.com/products/omnitrack/gdpr/ GDPR resources: https://vinciworks.com/resources/gdpr/  

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: https://bit.ly/aml-courses  Download free AML resources: https://bit.ly/aml-resources  Learn more about our AML onboarding solution: https://bit.ly/aml-onboarding-solution 

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: https://vinciworks.com/courses/aml/ Download free AML resources: https://vinciworks.com/resources/aml/ Learn more about our AML onboarding solution: https://vinciworks.com/products/omnitrack/aml-onboarding/

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: https://vinciworks.com/courses/aml/ Download free AML resources: https://vinciworks.com/resources/aml/ Learn more about our AML onboarding solution: https://vinciworks.com/products/omnitrack/aml-onboarding/

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: https://vinciworks.com/courses/aml/ Download free AML resources: https://vinciworks.com/resources/aml/ Learn more about our AML onboarding solution: https://vinciworks.com/products/omnitrack/aml-onboarding/

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: https://vinciworks.com/courses/aml/ Download free AML resources: https://vinciworks.com/resources/aml/ Learn more about our AML onboarding solution: https://vinciworks.com/products/omnitrack/aml-onboarding/