VinciWorks

In this episode, our Director of Best Practice Gary Yantin and Head of Legal and Product Research Ruth Mittelmann Cohen share the latest updates on the Mandatory Disclosure Rules in Gibraltar. They will look at what MDR means in Gibraltar, the timescales, the penalties and who needs to comply.

VinciWorks' MDR reporting solution: www.vinciworks.com/mdr-gibraltar

Free compliance resources: www.vinciworks.com/resources

In this episode, we were joined by Head of the OECD’s Anti-Corruption Division Patrick Moulette and Transparency International’s Global Business Integrity Programme Lead Britta Niemeyer.

These leading international bribery and corruption experts discuss the challenges businesses face in building a strong anti-bribery and corruption programme in 2021, and give their insights into how businesses can best fight bribery.

Anti-bribery resource page: https://vinciworks.com/resources/anti_bribery/

Gary Yantin is joined by VinciWorks’ Head of Legal and Product Research Ruth Mittelmann Cohen for our brand new podcast series covering the OECD’s Mandatory Disclosure Rules around the world. In each episode we will be covering a different country’s Mandatory Disclosure Regime or sharing the latest updates on MDR and DAC6. 

In this episode we look at what MDR means in Mexico, the timescales, the penalties and who needs to comply.

Resources:

VinciWorks’ MDR reporting solution: www.vinciworks.com/mdrmexico

Guide to Mexican MDR: https://vinciworks.com/resources/mdr/mexican-mdr-guide.pdf

As of 1 January 2020, all “intermediaries” involved in cross-border arrangements in an EU member state that meet certain hallmark categories are required to begin reporting those arrangements. Some businesses are fully compliant with DAC6 while others have only recently started preparing. VinciWorks has implemented DAC6 reporting systems for over 40 firms, including seven of the top ten UK firms.

In this episode, we explore best practice for reporting, regardless of where you are in this challenging compliance process. We also answer attendee questions.

Join us for our next webinar: https://vinciworks.com/webinars/

Unexpectedly, and despite comments to the contrary, the UK has decided to repeal DAC6 and implement its own MDR regime. Until this happens, DAC6 still applies in the UK for Hallmark D. Considering that the UK has been a leader in the fight against corruption and tax evasion, its version of MDR will possibly be broader and even more stringent.

In this episode we help law firms and multinational businesses grapple with these changes.

DAC6 resources: www.vinciworks.com/dac6

DAC6 is a European directive aimed at reducing international tax evasion and promoting transparency. It requires any company that serves as an “intermediary” to a cross-border tax arrangement to assess that arrangement and report it to the tax authorities in some situations.

DAC6 potentially creates a significant compliance burden for companies that are party to a cross-border transaction, even if their role seems incidental. Many investment funds and banks, as well as multi-national corporations, will be exposed to liability under DAC6.

In this episode, VinciWorks’ DAC6 experts will offer guidance on what the Directive means for businesses and how businesses with and without in-house legal teams are managing the DAC6 process and reporting.

DAC6 resource page: www.vinciworks.com/dac6

DAC6 has now been in force for over three months, with intermediaries and businesses in Germany already having to report historical transactions.

Over the past 18 months, VinciWorks has consulted with international law firms, accounting firms, corporate compliance teams and tax authorities to help them grapple with the Directive and develop best-practice for DAC6. 

In this episode, we gave our listeners the opportunity to have their questions answered by our Legal and Research Executive Ruth Mittelmann Cohen and Director of Best Practice Gary Yantin.

DAC6 resource page: http://www.vinciworks.com/dac6

To help businesses keep track of updates in UK legislation and policies, VinciWorks regularly publishes a regulatory update. Since our last update in May, the government has released further guidance on getting back to work safely as and when each industry begins its efforts to get back to normal.

In our very first episode, Director of Learning and Content Nick Henderson gives an overview of regulatory changes or new regulations recently passed, proposed, or on the agenda which are relevant to key compliance areas of VinciWorks’ clients in the UK. These include Acts of Parliament relating to COVID-19.

Related resources:

• Download our full Regulatory Agenda: https://vinciworks.com/resources/download/?resource=regulatory-agenda-june-2020
• Download our guide to compliance during COVID: https://vinciworks.com/resources/download/?resource=covid-19-back-to-work

The UK government has begun to encourage businesses in certain industries to return to work where possible. While many professional services firms and other primarily office-based businesses are still working from home, it is important to understand the steps that need to be taken as and when it is safe to return to the office.

In this episode, our Director of Learning and Content Nick Henderson gives guidance on how staff can keep themselves and their colleagues safe in the office.

Additional resources

• COVID-19 resources: www.vinciwork.com/covid-19
• Health and safety training and reporting: www.vinciworks.com/ohs

Financial uncertainty and social change are breeding grounds for fraud. Where there is financial uncertainty, there is opportunity for financial crime. Google has seen more than 18 million corona or COVID-19 related malware and phishing attacks per day.

In this short episode, our Director of Learning and Content Nick Henderson takes us through the schemes scammers are deploying to exploit the pandemic. He discusses changes to client due diligence procedures and money laundering rules when you cannot meet in person. He also shares guidance on how to protect your business against these risks.

Related resources

• Anti-money laundering resource page: https://vinciworks.com/resources/aml/
• COVID-19 resource page: https://vinciworks.com/resources/covid-19/