23 leading law firms collaborate with VinciWorks on release of new anti-money laundering courses

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30 June 2015


Vinciworks200The gold-standard Anti-Money Laundering training has undergone its largest update in 10 years. Spearheaded by VinciWorks — a leader in online training, compliance and risk solutions — AML experts from 23 of the world’s leading firms have reviewed, rewritten and re-established the industry standard for AML training.

The new courses include 100% new scenarios and exercise questions, as well as a completely new interface. The courses are shorter, easier to read, cleaner and even more engaging than previous versions. The courses also include additional customisation options for firms to insert their own content and links.

Che Odlum, compliance manager- financial crime and sanctions at DLA Piper UK, who participated in the core group remarked on the process, “I highly value the opportunity to work collaboratively with my peers from other leading firms. By sharing knowledge, experience and resources, we are able to produce better solutions and establish best practice.”

Guy Powell, another core-group participant and head of compliance and standards at Hogan Lovells said, “One of the strengths of VinciWorks is facilitating the collaborative process. By collaborating, the core group benefits from peer expertise, and thereby produces better solutions that achieve our mutual compliance goals and importantly does so at a lower cost.”

The core group that participated in this anti-money laundering update included: Allen & Overy, Ashton KCJ, Bevan Brittan, Blake Morgan, Cleary Gottlieb Steen & Hamilton, CMS Cameron McKenna, Collyer Bristow Solicitors, Debevoise and Plimpton, DLA Piper, DWF, FBC Manby Bowdler, Herbert Smith Freehills, Hogan Lovells, Holman Fenwick & Willan, Macfarlanes, Matthew Arnold & Baldwin, Mills & Reeve, Shearman & Sterling, Shepherd & Wedderburn, Teacher Stern, Thomas Cooper, Vanderpump & Sykes, Weil Gotshal & Manges.

According to VinciWorks CEO, Howard Finger, “This AML project is yet more evidence that when there is no competitive advantage, sharing makes sense. The concept of collaborative development has been working for a long time and continues to produce outstanding products that establish best practice, mitigate regulatory risk and reduce the cost of compliance. It is exciting that in present and future we will be facilitating the model amongst groups of firms in the accounting, financial services and energy sectors.”

The new AML courses are available on our website. Click here to learn more and schedule a demo, visit www.vinciworks.com/aml. To learn more about the collaborative development model and the opportunity for your sector, contact us at www.vinciworks.com

 



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We all know that nothing in life is certain. As the actor, director and philosopher Clint Eastwood once said: “If you want a guarantee, buy a toaster.” He also said he’d tried being reasonable and didn’t like it. They should teach this kind of philosophy in law school. One thing in life is reasonably certain though. If you’re a law firm worth your salt, at some point you will be approached by another entity (most probably a work introducer) with a whizzy idea to ‘partner’ with you to ‘help you accelerate your growth’. In commercial speak this means, ‘we’d like to keep feeding you work but we’d also like to share in your profits’. The arrangement may be pitched to you as a joint venture – a win-win no less.

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